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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.
Class Meetings: "Class meetings" are not provided for by the Act. however, a class meeting may be held pursuant to the provisions of the company articles of association, if a
the right of debenture holder
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Jonathan has been in the continuous employment of Dockland cleaning and laundry Co. Ltd since 1st August 2000. He is also a member and secretary of the Cleaning and Laundry Workers
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