Amendment of articles so as to provide for appointment of directors by another company to make the company as its subsidiary

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... certain companies have amended their articles of association making provisions for the appointment of directors on the board by another public company with a view to make the company as the subsidiary of the latter company within the meaning of section 4(1)(a). It has been held that the combined effect of sections 255(1), 256(1) and 257 is that-- a. not less than two‑thirds of the total ....