Scottish India-Rubber Co., Ltd Petitioners [1919] ScotLR 56 (15 October 1919)
The Court confirmed the special resolution altering the memorandum of association to reorganise the share capital into one class of ordinary shares, as the statutory requirements for approval by the relevant class of shareholders and confirmation by the Court were satisfied.
- Citation
- [1919] ScotLR 56
- Parties
- Petitioner: Scottish India-Rubber Company, Limited
- Jurisdiction
- Scotland
- Judgment Date
- 15 October 1919
- Procedural Posture
- Petition for Confirmation of Special Resolution (company Law) / Final Order on Petition
- Outcome
- Petition granted
- Legal Topics
- Alteration of Memorandum of Association, Reorganisation of Share Capital, Special Resolution, Confirmation by Court
Case Brief
Summary, issues, holding and outcome
More case intelligence is available
Unlock the full research layer for this judgment.
Parties
Scottish India-Rubber Company, Limited
Petitioner
Procedural Posture
Petition for Confirmation of Special Resolution (company Law) / Final Order on Petition
Legal Issues
- 1 Whether the Court should confirm a special resolution altering the memorandum of association to reorganise share capital under section 45 of the Companies (Consolidation) Act 1908
Ratio Decidendi
The Court confirmed the special resolution altering the memorandum of association to reorganise the share capital into one class of ordinary shares, as the statutory requirements for approval by the relevant class of shareholders and confirmation by the Court were satisfied.
Court Disposition
Petition granted
Orders
- Special resolution confirmed modifying the memorandum of association
- Order to file a copy of the Court's order with the Registrar of Companies
Full Case Text
Judgment text and source record
Sign in to read
Sign in to read the full judgment text
Sign in to read the full judgment text. Downloads and additional research tools may depend on your plan.
Sign in to read the full judgment