Resolution for the variation - statutory provisions, Business Law and Ethics

Resolution for the variation - Statutory provisions:

Where any application is made pursuant to this provision, the variation shall not have effect unless and until it is confirmed by the court.

An application under the section must be made by petition within thirty days after the date on which the consent was given or the resolution was passed.  It may be made on behalf of the applicants by such one or more of their number as they may appoint in writing for the purpose.

S. 74(3) provides that on any such application the court, later than hearing the applicant and any other persons that who apply to the court to be heard and appear to the court to be interested in the application, may disallow the variation if it is satisfied, through having all the circumstances of the case, in which the variation would unjustly prejudice the shareholders of the class represented by the applicant.

Posted Date: 1/15/2013 2:48:16 AM | Location : United States







Related Discussions:- Resolution for the variation - statutory provisions, Assignment Help, Ask Question on Resolution for the variation - statutory provisions, Get Answer, Expert's Help, Resolution for the variation - statutory provisions Discussions

Write discussion on Resolution for the variation - statutory provisions
Your posts are moderated
Related Questions
Compensation for Removal: Subsection (6) provides that nothing in s.185 shall be taken as depriving a removed director of compensation or damages payable to him in respect of

QUESTION (a) Mr Raj owns a plot of land and wishes to invest in the tourism industry and seeks your advice as to whether he needs to apply for a tourist enterprise licence and

Question 1: In order to ensure health and safety of employees at the workplace, the Occupational Safety and Health Act 2005 imposes duties on employers only. Discuss. Quest

ELECTION OF CHAIRMAN:           S.134(d) provides that, unless the articles of a company contain a contrary provision, any member elected by the members present at a meeting m

Article 5 - State Responsibilty Article 5. Acts of persons authorized by a state to act on their behalf then the state is responsible for the actions of that person. For exampl

Enumerate the Working of coordination mechanism Take interesting case which will clarify the working of coordination mechanism better. If a member State in EMU, defaults on it

Question 1: What are the duties of the holder of a Tourist Enterprise Licence, as provided by the Tourism Authority Act? Question 2: What are the relevant consideration

Liability by Estoppel Anyone who presents himself or permits himself for be represented, further by words, conduct or writing as the partner about another person like  persons

Judicial Control: Conversely the courts can declare any law made as subsidiary legislation to be invalid or unacceptable under the ultra vires doctrine. Thus the law may be de

Obiter Dictum Thus now  "by the way" statement made through a judge before delivering his judgement within  a view to  strengthening or re-enforcing his reasons to the decis