Petition under section 579 for confirming the substitution of memorandum and articles for a deed of settlement

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....r confirming the substitution of memorandum and articles for a deed of settlement The petition of A.B. & Co., Ltd., the petitioner herein, showed as follows:- 1. The above named company was constituted under deed of settlement dated ............ and expressed to be made between ................ of the first part ................ of the second part and ................of the third part, etc. ....

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....ortly after its incorporation, the company commenced business and has been and is still carrying on business in accordance with the said deed of settlement and the regulations subsequently made and now in force. 6. By a special resolution of the company, duly passed in accordance with section 189 of the companies Act, 1956, at a general meting thereof, held on the ................ day of ..........

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....re and extent of such debts.] 9. The company is/is not in good financial condition, and has/has not sufficient working capital. The following summary, extracted from its last balance sheet for the period ending ................ 19 ........... indicates its financial position:- Capital paid up ... Rs.   Reserve Fund ... Rs.   Undivided profits ... Rs.   ....