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!
Separate meetings of each group - mergers and winding up:
The first ground of objection was valid, ie. if within a single class of shareholders there are groups whose interests in the scheme are clearly different and opposed, approval must be obtained from separate meetings of each group.
The second objection was also upheld (though it was not necessary to decide this point as the scheme was disapproved on the first ground). In an earlier case, however, Re National Bank (1966), the court rejected this argument as there is nothing in the statutory rules to prohibit the use of a scheme of arrangement to effect a take-over bid.
A second requirement is that the company concerned shall show its support for the scheme since s.207 relates to schemes of arrangement "between" a company and its members or creditors. Hence a member cannot obtain a court order for calling meetings if the company itself is opposed to the scheme: Re Savoy Hotel (1981).
Variation of class rights: It is only necessary to follow the variation of class rights procedure (and a dissenting minority can only apply to the court for cancellation) if
Some provisions of the Factories Act and its amendments are given below. 1. These provisions relate mainly to the health, safety and welfare of the workers in industry. 2.
State Article 29 of international law Article 29 states that a member of a diplomatic mission enjoys immunity from arrest or prosecution.
lord Coleridge - Judicial elucidation of acts: However lord Coleridge stated in Rv PETERS as like "I am quite aware which dictionaries are not to be taken as authoritative ex
Explain in detail about the policy co-ordination of each country With no policy coordination each country will attempt to maximise its own welfare, taking the other country's m
QUESTION 1 Your mother makes delicious cakes and your wife suggests the idea of setting up a business to market these products. The cakes will be prepared by your mother and a
Enumerate about the short-run Phillips curve Diagrammatically the short-run Phillips curve becomes flatter under coordination as opposed to no coordination. If one country expa
Accuracy of the managers certificate: Was it the duty of the auditors to test the accuracy of the manager's certificate by a comparison of the figures in the books, and were t
Ask questioMembers of Students for Fair Tuition (SFT) decide to protest rising tuition costs at Gigantic State University (GSU) by taking over Dunfee Hall, the location of GSU pres
1 With reference to the material discussed in class n in the reading over the last few weeks, I would like you to continue a fours on the ethical things that we can all do in our e
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