Arrangement and Amalgamation definition

Arrangement and Amalgamation collectively means (i) reduction and reorganization of authorized, issued, subscribed and paid-up share capital of ODCL in terms of Part III of the Scheme, (ii) (a) Amalgamation of Amalgamating Company with Amalgamated Company and
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Arrangement and Amalgamation means the restructuring contemplated by the Scheme including (i) the Slump Sale in terms of Part III of the Scheme and (ii) Amalgamation (post the Slump Sale) in terms of Part IV of the Scheme;
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Arrangement and Amalgamation collectively means (i) reduction and reorganization of authorized, issued, subscribed and paid-up share capital of ODCL in terms of Part III of the Scheme, (ii) (a) Amalgamation of Amalgamating Company with Amalgamated Company and (b) reduction of entire issued, subscribed and paid-up share capital of ODCL held by DCBL and consequent reduction of the securities premium account of DCBL, in terms of Part IV of the Scheme and (iii) Slump Exchange of Transferred Undertaking of Transferor Company (post Amalgamation of Amalgamating Company) to and vesting thereof inTransferee Company in terms of Part V of the Scheme;
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Examples of Arrangement and Amalgamation in a sentence

  • On September 30, 2013 pursuant to a Plan of Arrangement and Amalgamation Agreement (the “Plan”), Global MGA Financial Inc.

  • On September 30, 2013 pursuant to a Plan of Arrangement and Amalgamation Agreement (the “Plan”), Global amalgamated with Carnelian Strategic Capital Corp.

  • The Transferor Companies and the Transferee Company shall, with all reasonable dispatch, make necessary applications to Regional Director (Central Government) of relevant jurisdiction, under Section 233 and other applicable provisions of the Act read with Rule 25 of the Companies (Compromise, Arrangement and Amalgamation) Rules, 2016, for sanctioning the Scheme with such modifications as may be approved by the Regional Director and for consequent dissolution of the Transferor Companies without winding up.

  • Business combination post April 1, 2015 had been accounted for as per the provisions of the Scheme of Arrangement and Amalgamation approved by Hon’ble National Company Law Tribunal (NCLT) including the accounting for amortising the value of resulting goodwill.

  • Kulkarni.Hundred percent of shareholding of promoters and promoters group is not in dematerialized form:As explained earlier, due to technical issues, some formalities in respect of 29,00,879 Equity shares issued under the Scheme of Arrangement and Amalgamation to promoter are not yet completed; hence those shares and 54,17,000 Equity shares further issued by the Company through private placement to promoter are yet to be listed.

  • As per Clause No. 4.4.5 (b) of the Scheme of Arrangement and Amalgamation sanctioned by Hon’able High Court, Bombay dated 16th July 2009, the Company has acquired land from Dr. Laxman V.

  • No.CategoryShares* Since the Scheme of Arrangement and Amalgamation has been made effective from 1st January, 2010 i.e. “appointed date”, 47,00,00,000 & 5,96,01,640 equity shares allotted on 10th February, 2011 to equity shareholders and OCD holders respectively of erstwhile Sunvision Engineering Company Private Limited have been included in the promoters shareholding and private corporate bodies shareholding respectively.

  • Pursuant to Composite Scheme of Arrangement and Amalgamation, the business undertaken by Express Retail has been demerged into the Company.

  • Kulkarni.Discrepancies in the issued share capital and listed share capital:Due to technical issues and financial difficulties, some formalities in respect of issue of shares made under the Scheme of Arrangement and Amalgamation are not yet completed; hence those shares and the shares further issued by the Company through private placement are yet to be listed.

  • As per the Scheme of Arrangement and Amalgamation sanctioned by the Hon’ble High Court of Gujarat and the Hon’ble High Court of judicature at Bombay vide Orders dated 8th April, 2013 and 26th April, 2013 respectively, all the employees of Mafatlal Denim Limited were to be transferred to Mafatlal Industries Limited with effect from the date, the amalgamation becomes effective.

Related to Arrangement and Amalgamation

  • Amalgamation means the amalgamation of the Amalgamating Corporations as contemplated in this Agreement;

  • Amalgamation Agreement means the Amalgamation Agreement dated as of June 26, 2020 among Cybin, Clarmin and Subco relating to the Amalgamation, as amended on October 21, 2020, a copy of which is available under the Company’s profile on the SEDAR website at www.sedar.com.

  • Articles of Amalgamation means the articles of amalgamation giving effect to the Amalgamation required under the OBCA to be filed with the Director;

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Amalgamation Application means the amalgamation application that will be filed with the Registrar under subsection 275(1)(a) of the BCBCA in order to give effect to the Amalgamation, substantially in the form attached hereto as Schedule C;

  • Amalgamating Corporations means both of them;

  • Significant Transaction or Arrangement means any individual transaction or arrangement that exceeds or is likely to exceed 10% of the total revenues or total expenses or total assets or total liabilities, as the case may be, of the material unlisted subsidiary for the immediately preceding accounting year.

  • Certificate of Amalgamation means the certificate of amalgamation to be issued by the Director in respect of the Amalgamation;

  • Subsidiary of a Person means any corporation, association, partnership, limited liability company, joint venture or other business entity of which more than 50% of the voting stock, membership interests or other equity interests is owned or controlled directly or indirectly by such Person, or one or more of the Subsidiaries of such Person, or a combination thereof. Unless the context otherwise clearly requires, references herein to a "Subsidiary" refer to a Subsidiary of the Company.

  • Arrangement means the arrangement under the provisions of section 192 of the CBCA, on the terms and conditions set forth in the Plan of Arrangement, subject to any amendment or supplement thereto made in accordance with this Agreement and the Plan of Arrangement or made at the direction of the Court in the Final Order;

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Access Arrangement means an arrangement for access to a Covered Pipeline that has been approved by the Relevant Regulator.

  • Demerger means a demerger pursuant to Chapter 17 of the Finnish Companies Act (624/2006 as amended from time to time).

  • Arrangement Provisions means Part 9, Division 5 of the BCBCA;

  • Permitted Reorganization means re-organizations and other activities related to tax planning and re-organization, so long as, after giving effect thereto, the security interest of the Lenders in the Collateral, taken as a whole, is not materially impaired.

  • Merger has the meaning set forth in the Recitals.

  • Consolidation means the consolidation of the accounts of each of the Restricted Subsidiaries with those of the Company in accordance with GAAP; provided that “Consolidation” will not include consolidation of the accounts of any Unrestricted Subsidiary, but the interest of the Company or any Restricted Subsidiary in any Unrestricted Subsidiary will be accounted for as an investment. The term “Consolidated” has a correlative meaning.

  • Reorganization Agreement has the meaning set forth in the recitals.

  • Business Combination Agreement shall have the meaning given in the Recitals hereto.

  • netting arrangement means an arrangement under which a number of claims or obligations can be converted into a single net claim, including close-out netting arrangements under which, on the occurrence of an enforcement event (however or wherever defined) the obligations of the parties are accelerated so as to become immediately due or are terminated, and in either case are converted into or replaced by a single net claim, including ‘close-out netting provisions’ as defined in point (n)(i) of Article 2(1) of Directive 2002/47/EC and ‘netting’ as defined in point (k) of Article 2 of Directive 98/26/EC;

  • Reorganization Plan means a plan of reorganization in any of the Cases.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Management Arrangements means the arrangements for the strategic management of the relationship between the Authority and the Contractor, including arrangements for monitoring of the Contractor’s compliance with the Specification, the Service Levels, the Award Procedures and the terms of this Framework Agreement, set out in Schedule 4.

  • Permitted Reorganisation means a solvent reconstruction, amalgamation, reorganisation, merger or consolidation whereby all or substantially all the business, undertaking or assets of the Issuer are transferred to a successor entity which assumes all the obligations of the Issuer under the Capital Securities.

  • Wholly Owned Subsidiary means any Subsidiary of a Person in respect of which all of the Equity Interests (other than, in the case of a corporation, directors’ qualifying shares) are at the time directly or indirectly owned or controlled by such Person or one or more other Subsidiaries of such Person or by such Person and one or more other Subsidiaries of such Person.

  • Financial Closure or Project Financing Arrangements means the agreements pursuant to which the SPG has sought financing for the Power Project including the loan agreements, security documents, notes, indentures, security agreements, letters of credit and other documents, as may be amended, modified, or replaced from time to time, but without in anyway increasing the liabilities of JDVVNL.