Demerged Company 2 definition

Demerged Company 2 or “HFIPL” means Haldiram Foods International Private Limited, a private limited company incorporated under Companies Act, 1956 under the Corporate Identity Number (CIN) U15100HR1987PTC112505 and has its registered office at Haldiram – Village Kherki Daula, Delhi – Jaipur Highway, Gurugram – 122001, Haryana, India;
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Demerged Company 2 means Sequent Scientific Limited (Corporate Identification Number: L99999MH1985PLC036685), a public company incorporated under the Companies Xxx 0000 and having its registered office at 301, 3rd Floor, Dosti Pinnacle, Xxxx Xx.X0 Xxxx Xx.00, Xxxxx Xxxxxxxxxx Estate, Xxxxx 000000, Xxxxxxxxxxx, Xxxxx;
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Demerged Company 2 or “Transferor Company 2” means Spencer’s Retail Limited, a public company incorporated under the provisions of the Companies Act, 1956 under the corporate identity number U51229WB2000PLC154278 and having its registered office at 31 Netaji Subhas Road, 1st Floor, Duncan House, Kolkata- 700 001, India. The Demerged Company 2 is a wholly owned subsidiary of the Demerged Company 1;
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Examples of Demerged Company 2 in a sentence

  • Queensland Urban Utilities is required to have its Water Netserv Plan in place by 1 July 2013.

  • Resulting Company shall keep Demerged Company 2 indemnified at all times from and against all such debts, duties, obligations and liabilities and from and against all actions, demands and proceedings in respect thereto.

  • The Resulting Company 2 shall record the assets and liabilities pertaining to the Retail Undertakings, transferred to and vested in it at their respective carrying values as appearing in the books of the Demerged Company 1 and the Demerged Company 2 respectively.

  • In case of any differences in accounting policies of Demerged Company 1 and Demerged Company 2 with the Resulting Company, the accounting policies followed by the Resulting Company shall prevail and the difference will be adjusted under the head ‘Retained Earnings’ in the 'Other Equity' in the books of the Resulting Company.

  • The equity shares of the Transferor Company 2/ Demerged Company 2 are not listed on any Stock Exchange in India or elsewhere.

  • The difference being the Net Assets transferred from Demerged Company 1 and Demerged Company 2 pursuant to Clause25.3.1, as reduced by the share capital and preference shares issued pursuant to Clause 25.3.3 after giving effect to inter- company balances as per Clause 25.3.2, shall be adjusted to capital reserve of the Resulting Company 2.For the purpose of this Clause 25, “ Net Assets” would mean difference between the carrying value of assets and liabilities.

  • It is clarified that the approval of the members and creditors of the Resulting Company 2 and/ or the Demerged Company 1 and / or Demerged Company 2 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 the aforesaid Clause24.1.

  • The difference, being the excess of carrying value of assets over the carrying value of liabilities of the Retail Undertaking 2 shall be adjusted to the equity of the Demerged Company 2.

  • Loans and advances, receivables, payables and other dues outstanding between the Demerged Company 1, Demerged Company 2 and the Resulting Company 2 relating to the Retail Undertakings will stand cancelled and there shall be no further obligation / outstanding in that behalf.

  • In consideration of the demerger of the Demerged Undertaking of the Demerged Company, the Resulting Company shall issue and allot to the shareholders of the Demerged Company, 2 (Two) Ordinary Shares of Re. 1/- each in the Resulting Company credited as fully paid-up, for every 77 (Seventy Seven) Equity Shares of Re. 1/- each fully paid-up and held by them in the Demerged Company.

Related to Demerged Company 2

  • 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.

  • 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;

  • Group Company of a Company means

  • Enlarged Group means the CareTech Group as enlarged by the Cambian Group following Completion