Demerged Company 1 definition

Demerged Company 1 or “HSPL” means Haldiram Snacks Private Limited, a private limited company incorporated under Companies Act, 1956 under the Corporate Identification Number (CIN) U74899HR1989PTC111536 and has its registered office at Haldiram – Village Kherki Daula, Delhi – Jaipur Highway, Gurugram – 122001, Haryana, India;
Sample 1Sample 2Sample 3
Demerged Company 1 means Strides Shasun Limited (Corporate Identification Number: L24230MH1990PLC057062), a public company incorporated under the Companies Xxx 0000 and having its registered office at 000, Xxxxxxxxx, Xxxxxx – 00, Xxxxx, Xxxx Xxxxxx – 000000, Xxxxxxxxxxx, Xxxxx.
Sample 1
Demerged Company 1 or “Transferee Company 1” means CESC Limited, a public listed company incorporated under the provisions of the Companies Act, 1956 under the corporate identity number L31901WB1978PLC031411 and having its registered office at CESC House, Chowringhee Square, Kolkata 700 001, India;
Sample 1Sample 2

Examples of Demerged Company 1 in a sentence

  • Pending the transfer as aforesaid, the gratuity fund and superannuation fund dues of the said employees would be continued to be deposited in the existing gratuity fund and superannuation fund respectively of the Demerged Company 1.

  • The Resulting Company 1 shall continue to pay rent amounts and maintenance charges as provided for in such agreements and shall comply with the other terms, conditions and covenants thereunder and shall also be entitled to refund of security deposits paid under such agreements by the Demerged Company 1.

  • Upon this Scheme becoming effective and with effect from the Care Business Demerger Appointed Date, all Assets pertaining to the Care Business Undertaking, acquired by the Demerged Company 1 after the Care Business Demerger Appointed Date and prior to the Effective Date for operation of the Care Business Undertaking shall be deemed to have been acquired for and on behalf of the Resulting Company 1 and shall also stand transferred to and vested in the Resulting Company 1.

  • Further, in so far as the assets comprised in the IT Undertaking are concerned, the Encumbrance over such assets relating to any loans, borrowings or other debts which are not transferred to the Resulting Company 3 pursuant to this Scheme and which shall continue with the Demerged Company 1, shall without any further act or deed be released from such Encumbrance and shall no longer be available as security in relation to such liabilities.

  • The Demerged Company 1 undertakes to comply with all necessary legal requirements to effect the aforesaid cancellation, transfer and reduction.

  • Accordingly, power purchase agreements/ arrangements will be modified / executed to reflect the aforesaid, which will be binding upon each of the parties and, if required, the Resulting Company 1 or the Demerged Company 1 as may be appropriate, cause such contracts, agreements, arrangements and other instruments to be taken on record/recognised by the Appropriate Authorities.

  • It is clarified that the approval of the members and creditors of the Resulting Company 3 and/ or the Demerged Company 1 to this Scheme, shall be deemed to be their consent/ approval for the issue and allotment of equity shares, as the case may be, pursuant to this Clause31.1.

  • In the event that such notice has not been received by Resulting Company 1 in respect of any of the shareholders of Demerged Company 1, the equity shares, shall be issued to such shareholders in dematerialized form provided that the shareholders of Demerged Company 1 shall be required to have an account with a depository participant and shall be required to provide details thereof and such other confirmations as may be required.

  • The difference being the Net Assets transferred from Demerged Company 1 pursuant to Clause18.2.1 as reduced by the share capital issued pursuant to Clause 18.2.3 after giving effect to inter-company balances as per Clause 18.2.2, shall be adjusted to Capital Reserve of the Resulting Company 1.For the purpose of this Clause 18, “Net Assets” would mean difference between the carrying value of assets and liabilities.

  • Part XII of the Scheme shall be made effective at the discretion of the Board of the Demerged Company 1.

Related to Demerged Company 1

  • Exempt Newco Scheme means a Newco Scheme where, immediately after completion of the relevant Scheme of Arrangement, the ordinary shares or units or equivalent of Newco (or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco) are (i) admitted to trading on the Relevant Stock Exchange or (ii) admitted to listing on such other Regulated Market as the Issuer or Newco may determine;

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Company; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement (disregarding de minimis holdings by initial subscribers, if applicable); (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Company; (iv) all Subsidiaries of the Company immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Company) are Subsidiaries of the Company (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Company (or Newco) holds, directly or indirectly, the same percentage of the Ordinary Share Capital and Equity Share Capital of those Subsidiaries as was held by the Company immediately prior to the Scheme of Arrangement.

  • Group Company of a Company means

  • Employee Share Scheme means a scheme established by a company, whether by means of a trust or otherwise, for the purpose of offering 10 participation therein solely to employees and officers of the company or a subsidiary of the company, either—