TaxTMI 
TaxTMI 
1962 (9) TMI 32
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....while to lead as the memorandum and articles of association of the company have been placed on the record. There is no additional evidence which is sought to be relied. I have heard the arguments of the parties. This is a petition under section 17 for confirming the alteration of memorandum of the company. The Punjab Distilling Industries Ltd. at Khasa District, Amritsar, was registered on 23rd M....
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....olution which was carried unanimously. It is sought to add a fresh object which would read as sub-clause No. XVII and is in the following words : "To acquire or purchase or take over on hire picture houses, cinemas, theatres or such similar houses for exhibiting pictures, films, and carrying on all kinds of business connected with such houses or to give on lease such premises or work on profit-sh....
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....d with the business of the company." The question which has been canvassed on behalf of the Registrar is that the new business of picture houses, cinemas, theatres for exhibiting pictures, films, etc., is not of a character as may conveniently or advantageously be combined with the existing business of distilling of the company. There seems to be force in this contention. My attention has been dra....