Allotment of shares and debentures - mergers and winding up, Business Law and Ethics

Allotment of shares and debentures - mergers and winding up:

When the scheme is before the court for final approval a minority may object on any of the various grounds indicated above ie. that a s.207 procedure is inappropriate or has not been correctly observed, or that approval has not been obtained in a proper way or that the court in its discretion should reject the scheme since it would be unfair.

 If the court approves the scheme and makes an order providing for any of the following under s.209(1):-

(a)     the transfer of the whole or part of the undertaking and property or liabilities to the "new" company;

(b)     the allotment of shares and debentures etc. in that company without winding up;

(c)     the continuation of any legal proceedings;

(d)    the dissolution of the old company without winding up;

(e)     provision for dissentients;

(f)      such incidental and consequential matters necessary to secure the scheme to be effective;

An official  copy of the order must be delivered to the registrar.

Posted Date: 1/15/2013 4:12:59 AM | Location : United States







Related Discussions:- Allotment of shares and debentures - mergers and winding up, Assignment Help, Ask Question on Allotment of shares and debentures - mergers and winding up, Get Answer, Expert's Help, Allotment of shares and debentures - mergers and winding up Discussions

Write discussion on Allotment of shares and debentures - mergers and winding up
Your posts are moderated
Related Questions
Judges of Appeal, Attorney and Registrar Judges of Appeal However a "judge of appeal" is a judge that who is appointed to the Court of Appeal. Attorney - General

Define the term - Credibility and Reputation Nature and characteristic of the environment in which a policy has been chosen has a number of important implications. As we have a

Question 1: Explain in full details the various negotiation tactics and the ethical criteria that you, as a negotiator, may use to achieve your projected goals and bring positi

XYZ Ltd has 1000 members and it has adopted a constitution. Matt is one of the directors of XYZ Ltd. Matt has made a gift of $10,000 to his wife, Melissa out of the Company's funds

Transactions Arising In A Liquidation: In collection in and realisation of assets in order to pay the company's debts and then to distribute any surplus to members the liquida

I will provide a cases from the media that have ethical implications. Please prepare a ppt presentation that: a) describes the issue/story (Clearly identify which case you ar

QUESTION 1 The doctrine laid down in Salomon v Salomon & Co. Ltd has to be watched very carefully. The Courts can and often do draw aside the veil. Discuss QUESTION 2 (

Assets and liabilities of the company: Within 14 days of the making of the order for winding up a statement of affairs must be delivered to the liquidator (Official Receiver)

Duty of an auditor: The duty of an auditor generally was very carefully considered by this court in RE: LONDON AND GENERAL BANK (1895) and I cannot usefully add anything to wh

Different ways through which States create International law There are different ways through which States create International law. International conventions mentioned under a