Scheme of Amalgamation definition
Examples of Scheme of Amalgamation in a sentence
The Hon’ble High Court at Bombay, sanctioned the Scheme of Amalgamation of the Company herein with Modern Tiles Co. Pvt.
AND WHEREAS In terms of the above order, sanctioning Scheme of Amalgamation dated 23/09/2004 to be effective from 01/04/2003, all the properties, moveable and immovable assets, lease, licenses, rights, benefits, powers and authorities of every kind, nature and description, whatsoever, stood transferred to and vested in Modern Tiles Co. Pvt.
Thus, the Scheme of Amalgamation, as envisaged, would enable seamless access to strong business relationships, closer and better focused attention being given to the businesses which would get integrated, aligned and streamlined, leading to achievement of their full business and growth potential.
In accordance with the Scheme of Amalgamation, 101.4 million of our shares held by ICICI had been transferred to the ICICI Bank Shares Trust.
This Scheme of Amalgamation (‘Scheme’) is presented under Sections 230 to 232 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013, for the amalgamation of Marico Consumer Care Limited (hereinafter referred to as “MCCL” or “the Transferor Company”) with Marico Limited (hereinafter referred to as “Marico” or “the Transferee Company”) and various other matters consequential or otherwise integrally connected therewith.