Examples of Appointed Date 1 in a sentence
The certified true copy of the said order was filed with the office of Registrar of Companies on 1st November, 2015 and accordingly, Section I and II of the Scheme have become operative with effect from the Appointed Date 1 i.e. close of business hours before midnight of 31st March, 2014.
Upon this Scheme becoming effective, and with effect from the Appointed Date 1, all contracts, deeds, approval, permits etc.
Upon the Scheme coming into effect from the Appointed Date 1 and subject to Clause 3 of Part II of the Scheme, the Amalgamating Companies shall stand dissolved, hence no accounting treatment is prescribed for the Amalgamating Companies pursuant to this Scheme.
Each of the Transferor Company, the Transferee Companies and the Resulting Company is expressly permitted to amend tax deduction at source and other statutory certificates and shall have the right to claim refunds, advance tax credits, minimum alternate tax, set offs and adjustments relating to their respective incomes/ transactions from the Appointed Date 1 or the Appointed Date 2, as the case may be.
Although the Resulting Company becomes entitled to all the benefits of the Business Undertaking 1 from the Appointed Date 1, it is not required to invest its funds (to the extent of Rs. 2600 crores (Rupees Two Thousand Six Hundred Crore)) in relation to Business Undertaking 1 by borrowing from external parties until the date of actual payment of consideration to the Transferor Company.