Examples of Demerged Companies in a sentence
The Applicant Company shall be added as party to such proceedings and shall prosecute or defend such proceedings in co-operation with the respective Demerged Companies.
The Demerged Companies shall in no event be responsible or liable in relation to any such legal or other proceedings against the Applicant Company.
Demerger where both the entities i.e. Demerger and Demerged Companies are unlisted and shall get listed at a later date valuation shall be done as follows: Shares of these companies are to be valued equal to the pre demerger value (one trading day prior to the ex-date) up to the date of listing.
It is expressly stated that the inventory of packaging and laminating material, lying with the Demerged Companies, which pertains to the FMCG Undertakings, including but not limited to laminates and all other kind of packing material as required for packing of products manufactured and sold by the FMCG Undertakings will be utilized by the Resulting Company until such inventory is exhausted by the Resulting Company in its ordinary course of business.
It is clarified that any liabilities relating to a period prior to the Demerger Appointed Date, whether such liabilities become payable or accrue after the Demerger Appointed Date in relation to the Broadcasting Business Undertaking shall be to and on account of the respective Demerged Companies.
The proposed Scheme of Arrangement has been unanimously approved by the respective Board of Directors of the Transferor Companies No. 1 & 2 in their respective meetings held on 15th November, 2017 and 9th April, 2018; the Board of Directors of the Demerged Companies No. 1 & 2 in their respective meetings held on 14th November, 2017 and 6th April, 2018; and the Board of Directors of the Transferee Company No. 1 in the meetings held on 17th November, 2017 and 6th April, 2018.
The Demerged Company has acquired the businesses and undertakings under a Scheme of Arrangement between SRHHL Industries Limited ( formerly known as Sree Rayalaseema Hi-Strength Hypo Limited) and Sree Rayalaseema Dutch Kassenbouw Limited and Brilliant Industries Limited, the Demerged Companies and their respective shareholders pursuant to the order dated 15th June, 2006 of the Hon'ble High Court of Andhra Pradesh.
Although, the Demerged Companies did not had any significant problems right from their inceptionany strikes, lockouts etc.
From the Completion Date, the employees of the Demerged Companies shall be transferred to the Beneficiary Companies in accordance with the allocation set out under 4 above, which shall automatically substitute the Demerged Companies as employer.
Specifically in relation to the operating licenses of leasing companies, it is noted that the Demerged Companies will submit to the Bank of Greece a request for the issuance of two new operating licenses of leasing companies for the Beneficiary Company A by Incorporation and for the Beneficiary Company B by Incorporation, pursuant to Law 1665/1986, as amended and in force.