https://www.taxtmi.com/caselaws?id=99141 The High Court confirmed alterations to the memorandum of a company under section 17 of the Companies Act, 1956. The court approved the proposed alterations in the objects clause of the memorandum of association, allowing the company to shift its main business activity to the exhibition of films and related entertainment ventures. The court held that the new business activities were compatible with the company's existing operations and legal provisions, dismissing concerns about potential revenue loss to the state. The court granted approval for the proposed alterations, enabling the company to diversify its business as intended. en-us Tue, 25 Jun 1974 00:00:00 +0530 Wed, 25 Jan 2012 12:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99141 The High Court confirmed alterations to the memorandum of a company under section 17 of the Companies Act, 1956. The court approved the proposed alterations in the objects clause of the memorandum of association, allowing the company to shift its main business activity to the exhibition of films and related entertainment ventures. The court held that the new business activities were compatible with the company's existing operations and legal provisions, dismissing concerns about potential revenue loss to the state. The court granted approval for the proposed alterations, enabling the company to diversify its business as intended. Case-Laws Companies Law Tue, 25 Jun 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99141