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.
Bagra Used Cars Ltd. has as the most prominent show on its lot an immaculate, highly polished model which rotates slowly on a raised circular platform under powerful floodlights. T
Question 1: As a potential investment company you have been asked to brief your potential business partner about the most important steps required for the setting up of a hosp
John owns a 1951 Mercedes Sl that he wishes to sell. He instructs Ross to sell the car, and in return, will be paid £5,000 commission. Ross manages to find a buyer, Paul, Paul and
What are the Stages in Policy Process The traditional textbook approach to the study of public policy separates policy making into its component steps and analyzes each in turn.
do u have this book (richard t degeorge business ethics)
Estoppel - Law of Agency and Partnership Further the basis of estoppel was explained through the court like Spiro v. Lintern in giving such; "Where a man is below a duty -
QUESTION 1 Discuss the legislative framework governing employment law in Mauritius. QUESTION 2 Pam works as a technician at Continent Ltd. During the few past weeks, Pa
Lifting the veil under Case Law: Numerous English cases have been variously classified by English writers as instances of "lifting the veil of incorporation"
UNSC adopted resolution 1540 UNSC adopted resolution 1540 stating to take appropriate and effective actions against any threat to international peace and security caused by the
CONDITIONS FOR RELIEF: In H.R. Harmer Ltd (1959) Jenkins L.J. summarised the conditions which must be met before relief under the section can be granted by the court when he s
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