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Description : The object of the grinding process is a mechanical reduction in size of crushable material (ores, industrial minerals, rocks, cement clinker, porcelain). Grinding can be undertaken in many ways. Th...
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UNI VERSALMI LLSCORP.vTEXTI LEMI MI LLS ( 19 77 ) •
" Uni v er s al T ex t i l eMi l l s "wasor ga ni z edonDec19 53
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An ot h erc omp an y ," Un i v e r s alHo si er yMi l l sCor p or a t i o n"( or g an i z e dOc t1 954 )ma nu f a ct u r e dh os i e r ya nd wear i ngappar el .I tamendedi t sar t i c l esofi nc or por at i onc hangi ngi t snamet oUni v er s al Mi l l sCor por at i on
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Fi r er az edUni v er s al T ex t i l eMi l l s ' f ac t or yi nPas i g.
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Pe t i t i on erUni v er s alMi l l sal l e ge dt hatasar es ul to ft hefi r ea ndb ec aus eofn ewsi t emsapp ear i ngi n v a r i o us n ews p ap er s ,i tc r e at e du nc e r t a i n t ya nd c o nf u s i o na mo mo ng i t sb an k er s ,s t o c k ho l d er sa nd c us t omer s .Pe t i t i onerfi l eds ai dcompl ai ntt oc hangec or por at ename.
SEC: Or d er e d Un i v e r s a lMi l l st oc h an ge i t sn ame o ng r o un do fb e i n gc o nf u s i n gl ya nd d ec e pt i v e l y
s i mi l ar .Goi ngf ur t her :
" Th i sSEC f u r t h ert a k e sc o g ni z a n c eo ft h ef a c tt h atwh e nt h ec o mp mp a nyfi l e dt h ea me me nd me me nt c hangi ngi t snamet oUni v er s alMi l l sCor por at i on,i tfi l edawr i t t enunder t ak i ng. .s i gnedbyi t s Pr es i dent ,Mr .Cok i at ,pr omi s i ngt oc hangei t snamei nt hee ventt hatt her ei sanot herper s on,fi r m orent i t ywh oh asobt ai nedapr i orr i ghtt ot heu seofs uc hnameorones i mi l art oi t .Th atpr omi s e i sst i l l bi ndi ngupont hec or por at i on&i t sr es pons i bl eoffic er s .
I SSUE:Whe t herorn ott heSEC or derd i r ec t i ngpe t i t i onert oc hangei t scor por at en ame ,c ons i der i n gt he
f ac t sf oundbyt heCommi s s i on,c ons t i t ut egr av eabus eofdi s cr e t i on. HELD:NO.
Thec or por at enamesi nques t i onar enoti dent i c al ,butt he yar ei ndi s put abl ys os i mi l art hate venundert he t e s to f" r e as o na bl ec a r ea nd o bs e r v a t i o na st h ep ub l i cg en er a l l ya r ec a pa bl eo fu s i n ga nd ma yb e e xpec t edt oe xer c i s e"i nv ok edbyappel l ant ,SCi sc onc er nedconf us i onwi l l us ual l yar i s e… SC c a n n otp e r c e i v ewh yo fa l ln a me me s ,UMC h a dt oc h o o s ean a mea me l r e a dyb e i n gu s e db ya no t h e rfi r m e ng ag edi np r a c t i c a l l yt h es a me meb us i n es sf o rmo r et h anad ec a dee nj o y i n gwe l le ar n edp at r o na gea nd g oo dwi l l ,wh ent h er ea r es oma nyot h era pp r o pr i a t en ame si tc ou l dp os s i b l yado ptwi t h ou tar o us i n ga ny s us pi c i onast oi t smo mot i v eand,mor ei mpor t a nt l y ,an ydegr eeofc onf us i oni nt hemi ndoft hepu bl i cwhi c h c oul dmi s l eade v eni t sownc us t omer s ,e xi s t i ngorpr os pec t i v e.Pr emi s esc ons i d er ed,t her ei snowar r ant f ort hei nt er f er enc eoft hec our t .SECOr derv al i d. I ti s wi t hi nt he compet ence oft he SEC t or esol ve i nt he fir sti nst ance,t he exer ci se oft he j ur i sdi ct i on undert he l aw t o admi ni st ert he appl i cat i on and enf or cementofal ll aws affect i ng dome st i ccor por a t i onsanda ss oc i a t i ons ,r e se r v i ngt ot hecour t sonl yconfli c t sofj udi c i a lna t ur e , a nd,ofc our s e,t heSC' saut hor i t yf orr e vi e wf orpos si bl eca se sofde ni a lofduepr oc es sa ndgr a v e a bus eofdi s cr e t i on.
