The Burnett Firms Consolidated Inc
The defendant firm was registered to trade in related commodities and chosen the name bonafide believing that there was no different firm in existence with an analogous name. The plaintiff alleged that the name of the company would result in confusion and was detrimental to the plaintiffs enterprise. Facts-The articles of a personal firm contained a clause that when the directors decided to increase the capital of the corporate by the problem of shares the same must be supplied to the shareholders, and if they didn’t take, could also be provided to others. The Govt, of India adopted a coverage of diluting international holdings. The company accordingly issued shares to its employees and family members lowering the overseas holding to 60%.
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