the-ordinances-of-the-legislative-counci-1890v2 — Page 734

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[ 25 of 1890.) COMPANIES (MEMORANDUM OF ASSOCIATION ) .
Provided that the Court in the case of any person or class of
persons for special reasons dispense with the notice required by
this section.

( 3. ) An order confirming any such alteration may be made
on such terms and subject to such conditions as to the Court
seems fit and the Court may inake such orders as to costs as it
deems proper.
( 4.) The Court shall, in exercising its discretion under this
ordinance, have regard to the rights and interests of the mem
bers of the company, or of any class of those members, as well
as to the rights and interests of the creditors, and may , if it
thinks fit , adjourn the proceedings in order that an arrangement
may be made to the satisfaction of the Court for the purchase
of the interests of the dissentient members ; and the Court may
give such directions and make such orders as it may think
expedient for the purpose of facilitating any such arrangement
or carrying the same into effect provided always that it shall
not be lawful to expend any part of the capital of the company
in any such purchase.
Circumstan
ces under
( 5. ) The Court may confirm either wholly or in part any
which pro such alteration as aforesaid with respect to the objects of the
posed altera-
tion may be company if it appe:urs that the alteration is required in order to
confirmed . enable the company
( a .) to carry on its business more economically or more
efficiently ; or
( 6. ) to attain its main purpose by new or improved means;
or

( c. ) to enlarge or change the local area of its operations;
or

( d .) to carry on some business or businesses which under
existing circumstances may conveniently or ad
vantageously be combined with the business of the
company ;
( e. ) to restrict or abandon any of the objects specified in
the memorandum of association or deed of settle
ment.

Registration 2. ( 1. ) Where a company has altered the provisions of its
together with memorandum of association or deed of settlement with respect
memorandum
as altered or
to the objects of the company, or has altered the form of its
substituted constitution by substituting a memorandum and articles of
memorandum association for a deed of settlement, and such alteration has
and articles
and conse been confirmed by the Court, an office copy of the order confirm
quences
thereof. ing such alteration, together with a printed copy of the memo
randum of association or deed of settlement so altered , or
together with a printed copy of the substituted memorandum