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Page 18

CHAPTER 2
THE MEMORANDUM OF ASSOCIATION

In, re Parent Tyre Co., Ltd., [1923] 2 Ch. 222. The company's business consisted of holding large investments in two companies. It was desired to carry on the businesses of (1) bankers, financiers, underwriters, and dealers in shares, and (2) buyers, sellers and dealers in real and personal estate of every description. Held, business (1) could be carried on, although it had no relation to the company's existing business, but business (2) could not be carried on, as it was too wide, and would include businesses of a nature altogether foreign to the business described in the memorandum.

The additional business must not, however, be destructive of or inconsistent with the existing business. It must leave the existing business substantially what it was before.

In re Cyclists' Touring Club, [1907] 1 Ch. 269. The company's business was to promote assist and protect cyclists. It was desired to include among the persons to be assisted all tourists, including motorists. Held, it was impossible to combine the two businesses, as one of the objects of the company was to protect cyclists against motorists.
5. To restrict or abandon any of the objects specified in the memorandum.
6. To sell or dispose of the whole or any part of the undertaking of the company.
7. To amalgamate with any other company or body of persons.
An application may, however, be made to the Court for the alteration to be cancelled, and then the alteration is of no effect unless it is confirmed by the Court. The application for cancellation can only be made by the holders of 15 per cent. of the company's issued capital, or, when the debentures entitle the holders to object to an alteration of objects, of debentures, who have not consented to or voted for the alteration. Debentures entitling the holders to object must have been issued before the lst December, 1947. The application must be made within twenty-one days of the passing of the resolution. The Court may confirm the alteration wholly or in part and on such terms as it thinks fit, and may adjourn the proceedings to enable an arrangement to be made for the purchase of the interests of dissentient members.
The validity of an alteration cannot be questioned on the ground that it does not fall within one of the seven cases set out above unless proceedings are taken for the purpose within twenty-one days after the resolution is passed.
When the objects are altered, a printed copy of the memorandum as altered must be delivered to the Registrar of Companies within fifteen days. If an application for cancellation is made to the Court, notice thereof must be given to the Registrar and, on the alteration being cancelled or confirmed, an office copy of the order of cancellation

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where is HTML where is HEAD where is TITLE In, re Parent Tyre Co., Ltd., [1923] 2 Ch. 222. what is company's business consisted of holding large investments in two companies. It was desired to carry on what is businesses of (1) bankers, financiers, underwriters, and dealers in shares, and (2) buyers, sellers and dealers in real and personal estate of every description. Held, business (1) could be carried on, although it had no relation to what is company's existing business, but business (2) could not be carried on, as it was too wide, and would include businesses of a nature altogether foreign to what is business described in what is memorandum. what is additional business must not, however, be destructive of or inconsistent with what is existing business. It must leave what is existing business substantially what it was before. In re Cyclists' Touring Club, [1907] 1 Ch. 269. what is company's business was to promote assist and protect cyclists. It was desired to include among what is persons to be assisted all tourists, including motorists. Held, it was impossible to combine what is two businesses, as one of what is objects of what is company was to protect cyclists against motorists. 5. To restrict or abandon any of what is objects specified in what is memorandum. 6. To sell or dispose of what is whole or any part of what is undertaking of what is company. 7. To amalgamate with any other company or body of persons. An application may, however, be made to what is Court for what is alteration to be cancelled, and then what is alteration is of no effect unless it is confirmed by what is Court. what is application for cancellation can only be made by what is holders of 15 per cent. of what is company's issued capital, or, when what is debentures entitle what is holders to object to an alteration of objects, of debentures, who have not consented to or voted for what is alteration. Debentures entitling what is holders to object must have been issued before what is lst December, 1947. what is application must be made within twenty-one days of what is passing of what is resolution. what is Court may confirm what is alteration wholly or in part and on such terms as it thinks fit, and may adjourn what is proceedings to enable an arrangement to be made for what is purchase of what is interests of dissentient members. what is validity of an alteration cannot be questioned on what is ground that it does not fall within one of what is seven cases set out above unless proceedings are taken for what is purpose within twenty-one days after what is resolution is passed. When what is objects are altered, a printed copy of what is memorandum as altered must be delivered to what is Registrar of Companies within fifteen days. If an application for cancellation is made to what is Court, notice thereof must be given to what is Registrar and, on what is alteration being cancelled or confirmed, an office copy of what is order of cancellation where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 18 where is strong CHAPTER 2 what is MEMORANDUM OF ASSOCIATION where is p align="justify" In, re Parent Tyre Co., Ltd., [1923] 2 Ch. 222. what is company's business consisted of holding large investments in two companies. It was desired to carry on what is businesses of (1) bankers, financiers, underwriters, and dealers in shares, and (2) buyers, sellers and dealers in real and personal estate of every description. Held, business (1) could be carried on, although it had no relation to what is company's existing business, but business (2) could not be carried on, as it was too wide, and would include businesses of a nature altogether foreign to what is business described in what is memorandum. what is additional business must not, however, be destructive of or inconsistent with what is existing business. It must leave what is existing business substantially what it was before. In re Cyclists' Touring Club, [1907] 1 Ch. 269. what is company's business was to promote assist and protect cyclists. It was desired to include among what is persons to be assisted all tourists, including motorists. Held, it was impossible to combine what is two businesses, as one of what is objects of what is company was to protect cyclists against motorists. 5. To restrict or abandon any of what is objects specified in what is memorandum. 6. To sell or dispose of what is whole or any part of what is undertaking of what is company. 7. To amalgamate with any other company or body of persons. An application may, however, be made to what is Court for what is alteration to be cancelled, and then what is alteration is of no effect unless it is confirmed by what is Court. what is application for cancellation can only be made by what is holders of 15 per cent. of what is company's issued capital, or, when what is debentures entitle what is holders to object to an alteration of objects, of debentures, who have not consented to or voted for what is alteration. Debentures entitling what is holders to object must have been issued before what is lst December, 1947. what is application must be made within twenty-one days of what is passing of what is resolution. what is Court may confirm what is alteration wholly or in part and on such terms as it thinks fit, and may adjourn what is proceedings to enable an arrangement to be made for what is purchase of what is interests of dissentient members. what is validity of an alteration cannot be questioned on what is ground that it does not fall within one of what is seven cases set out above unless proceedings are taken for what is purpose within twenty-one days after what is resolution is passed. When what is objects are altered, a printed copy of what is memorandum as altered must be delivered to what is Registrar of Companies within fifteen days. If an application for cancellation is made to what is Court, notice thereof must be given to what is Registrar and, on what is alteration being cancelled or confirmed, an office copy of what is order of cancellation where is Server.Execute("_SiteMap.asp") %

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