https://www.taxtmi.com/caselaws?id=98946 The court allowed the application and confirmed the special resolution passed by the company to amend its objects clause under Section 17(1)(d) of the Companies Act, 1956. The court found that the proposed new businesses, including donations for scientific research and engaging in the hotel business, can be conveniently and advantageously combined with the company's existing activities. The company's strong financial position and potential benefits to shareholders were key factors in the court's decision, ensuring that the alteration would not prejudice the rights and interests of members and creditors. en-us Thu, 26 Aug 1971 00:00:00 +0530 Tue, 24 Jan 2012 16:40:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98946 The court allowed the application and confirmed the special resolution passed by the company to amend its objects clause under Section 17(1)(d) of the Companies Act, 1956. The court found that the proposed new businesses, including donations for scientific research and engaging in the hotel business, can be conveniently and advantageously combined with the company's existing activities. The company's strong financial position and potential benefits to shareholders were key factors in the court's decision, ensuring that the alteration would not prejudice the rights and interests of members and creditors. Case-Laws Companies Law Thu, 26 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98946