Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Explanatory statement - mergers and winding up:
It is also necessary that the members or creditors who are to vote on the scheme should be able to understand its full effects. Accordingly when notices are issued to convene the meetings ordered by the court an explanatory statement must also be issued: CA, s.208. The statement:
(a) explain the effect of the scheme ie. puts the proposal forward in terms which a non-expert can understand;
(b) disclose any material interests in the scheme of the directors, whether as directors, members, creditors or otherwise and the effect of the scheme on the directors' interests if different from like interests of other persons;
(c) if the scheme affects the rights of debenture holders the statement discloses any interest of a trustee for debenture holders in the scheme.
As an example a statement has been held to be deficient under (a) because it stated that assets had been valued but did not disclose the amount of the revaluation. If the statement is defective on technical points the court cannot approve the scheme. The whole operation must be repeated using a satisfactory explanatory statement.
Government optimal long run policy - Nash equilibrium The government's optimal long run policy is associated with policy coordination at point C. However, as in the static mod
Which treaty established by the United Nations The UN Charter is a treaty established by the United Nations. There are three types of treaties: law making treaty; codifying tr
Self-Confidence: Entrepreneurs are self-confident and tackle problems immediately with confidence and are persistent in the pursuit of their objectives. Most are at their best in
What is volenti non fit injury? Volenti: Consent specified by a claimant to the defendant is this implicitly, through explicitly or action to be negligent will not succee
Common law rules: The above common law rules have been modified by the following statutory provisions: VOID ALLOTMENTS a) S.50 A renders an allotment void if it was mad
Repugnance to Justice and Morality However the customary law will be applied only whether it is not repugnant to justice and morality.Even though the Act needs the phrase "and
Choice Of Method: There are three statutory methods to be considered: Where one company offers to acquire the shares of another company and its offer is accepted b
Explain Law making treaties Law making treaties are those treaties which come into existence because of lack of customary laws related to a particular issue and in order to mak
Adequacy of consideration - Law of Contract Well provided that consideration is sufficient, or actual it necessitate not be adequate. Hence the court will not compare the val
Define the term - authoritative government decision We can sum up by way of saying that the intent to implement a policy is not the same thing as a real policy. Failure to impl
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd