https://www.taxtmi.com/caselaws?id=98317 The court confirmed the alteration to the memorandum of association under Section 17 of the Companies Act, 1956, allowing the company to include the manufacture of rubber products. The court determined that the new business could be conveniently combined with the existing business without detriment, as it aligned with the company's resources and market demand. With unanimous shareholder approval and no opposition from major creditors, the court found the alteration to be in the best interests of the company. Despite the absence of an industrial license, the court deemed the petition timely and granted approval for the alteration. en-us Fri, 19 Nov 1965 00:00:00 +0530 Fri, 20 Jan 2012 11:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98317 The court confirmed the alteration to the memorandum of association under Section 17 of the Companies Act, 1956, allowing the company to include the manufacture of rubber products. The court determined that the new business could be conveniently combined with the existing business without detriment, as it aligned with the company's resources and market demand. With unanimous shareholder approval and no opposition from major creditors, the court found the alteration to be in the best interests of the company. Despite the absence of an industrial license, the court deemed the petition timely and granted approval for the alteration. Case-Laws Companies Law Fri, 19 Nov 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98317