Procedure & timeline. a) In case the Purchaser is Company registered under the Companies Act, 2013, the Purchaser (new name) shall intimate the Seller about change of name within three months succeeding the month in which Certificate of Incorporation pursuant to change of name is issued by the Registrar of Companies. b) In case the Purchaser is Company registered under the Companies Act, 2013, and the change of name of Purchaser is consequent to sale of Specified End Use Plant to a Company registered under Companies Act, 2013, then the Purchaser (new entity) shall intimate the Seller about the change of name within three months succeeding the month in which the instrument evidencing the sale of Specified End Use Plant/Sale Deed is executed and submit the Board Resolutions of both the Companies (vendor and vendee of the Specified End Use Plant). c) In case the Purchaser is a partnership firm or sole proprietorship and consequent change of name due to sale of Specified End Use Plant to a partnership firm or sole proprietorship or vice versa, the Purchaser (new entity) shall intimate the Seller about change of name within three months succeeding the month in which the instrument evidencing the sale of Specified End Use Plant/Sale Deed is executed. The Purchaser shall in addition submit a declaration from all partners/sole proprietor regarding the sale of Specified End Use Plant from the vendor and vendee of the Specified End Use Plant. d) In case the Purchaser is Company registered under the Companies Act, 2013, and the change of name of Purchaser is consequent to sale of Specified End Use Plant to a partnership firm or sole proprietorship or vice versa, the Purchaser (new entity) shall intimate the Seller about change of name within three months succeeding the month in which the instrument evidencing the sale of Specified End Use Plant/Sale Deed is executed. The Purchaser shall in addition submit a declaration regarding the sale of Specified End Use Plant from the partners of the partnership firm or from the sole proprietor and the Board Resolutions of the Company as the case may be. e) In case the Purchaser is a Company registered under the Companies Act, 2013 and the change of name is on account of inter alia amalgamation, merger, demerger, takeover of the Purchaser, the Purchaser (new entity) shall intimate within three months succeeding the month in which the date of approval of the amalgamation, merger, demerger, takeover by the court/tribunal of competent jurisdiction. f) In case the change of name of the Purchaser is consequent to any event not covered under clauses (a),(b),(c),(d) & (e) of 21.11.1, the Purchaser (new entity) shall intimate the Seller about the change of name within three months succeeding the month of issuance/execution of the relevant document. g) The Purchaser (new entity) while intimating the Seller shall submit the following documents: - i. Certificate of Incorporation pursuant to change of name wherever applicable ii. Instrument evidencing sale of Specified End Use Plant/Board Resolutions wherever applicable/ Declaration from partners/proprietor wherever applicable iii. PAN
Appears in 8 contracts
Sources: Fuel Supply Agreement, Fuel Supply Agreement, Fuel Supply Agreement
Procedure & timeline. a) In case the Purchaser is Company registered under the Companies Act, 2013, the Purchaser (new name) shall intimate the Seller about change of name within three months succeeding the month in which Certificate of Incorporation pursuant to change of name is issued by the Registrar of Companies.
b) In case the Purchaser is Company registered under the Companies Act, 2013, and the change of name of Purchaser is consequent to sale of Specified End Use Plant to a Company registered under Companies Act, 2013, then the Purchaser (new entity) shall intimate the Seller about the change of name within three months succeeding the month in which the instrument evidencing the sale of Specified End Use Plant/Sale Deed is executed and submit the Board Resolutions of both the Companies (vendor and vendee of the Specified End Use Plant).
c) In case the Purchaser is a partnership firm or sole proprietorship and consequent change of name due to sale of Specified End Use Plant to a partnership firm or sole proprietorship or vice versa, the Purchaser (new entity) shall intimate the Seller about change of name within three months succeeding the month in which the instrument evidencing the sale of Specified End Use Plant/Sale Deed is executed. The Purchaser shall in addition submit a declaration from all partners/sole proprietor regarding the sale of Specified End Use Plant from the vendor and vendee of the Specified End Use Plant.
d) In case the Purchaser is Company registered under the Companies Act, 2013, and the change of name of Purchaser is consequent to sale of Specified End Use Plant to a partnership firm or sole proprietorship or vice versa, the Purchaser (new entity) shall intimate the Seller about change of name within three months succeeding the month in which the instrument evidencing the sale of Specified End Use Plant/Sale Deed is executed. The Purchaser shall in addition submit a declaration regarding the sale of Specified End Use Plant from the partners of the partnership firm or from the sole proprietor and the Board Resolutions of the Company as the case may be.
e) In case the Purchaser is a Company registered under the Companies Act, 2013 and the change of name is on account of inter alia amalgamation, merger, demerger, takeover of the Purchaser, the Purchaser (new entity) shall intimate within three months succeeding the month in which the date of approval of the amalgamation, merger, demerger, takeover by the court/tribunal of competent jurisdiction.
f) In case the change of name of the Purchaser is consequent to any event not covered under clauses (a),(b),(c),(d) & (e) of 21.11.1, the Purchaser (new entity) shall intimate the Seller about the change of name within three months succeeding the month of issuance/execution of the relevant document.
g) The Purchaser (new entity) while intimating the Seller shall submit the following documents: -
i. Certificate of Incorporation pursuant to change of name wherever applicable
ii. Instrument evidencing sale of Specified End Use Plant/Board Resolutions wherever applicable/ Declaration from partners/proprietor wherever applicable iii. PAN
Appears in 3 contracts
Sources: Fuel Supply Agreement, Fuel Supply Agreement, Fuel Supply Agreement