Transferee Company definition

Transferee Company means any company or body corporate established in the Islands or in any other jurisdiction.

Transferee Company means any company or body corporate established in the Islands or in any other jurisdiction.Power to acquire shares of dissentient shareholders‌88. (1) Where a scheme or contract involving the transfer of shares or any class of shares in a company (in this section referred to as “the transferor company”) to another company, whether a company within the meaning of this Act or not (in this section referred to as “the transferee company”) has, within four months after the making of the offer in that behalf by the transferee company, been approved by the holders of not less than ninety per cent in value of the shares affected, the transferee company may, at any time within two months after the expiration of the said four months, give notice in the prescribed manner to any dissenting shareholder that it desires to acquire that person’s shares, and where such notice is given the transferee company shall, unless on an application made by the dissenting shareholder within one month from the date on which the notice was given, the Court thinks fit to order otherwise, be entitled and bound to acquire those shares on the terms on which under the scheme or contract the shares of the approving shareholders are to be transferred to the transferee company.(2) Where a notice has been given by the transferee company under this section and the Court has not, on an application made by the dissenting shareholder, ordered to the contrary, the transferee company shall, on the expiration of one month from the date on which the notice has been given or, if an application to the Court by the dissenting shareholder is then pending, after that application has been disposed of, transmit a copy of the notice to the transferor company and pay or transfer to the transferor company the amount or other consideration representing the price payable by the transferee company for the shares which by virtue of this section that company is entitled to acquire, and the transferor company shall thereupon register the transferee company as the holder of those shares.(3) Any sums received by the transferor company under this section shall be paid into a separate bank account, and any such sums and any other consideration so received shall be held by that company on trust for the several persons entitled to the shares in respect of which the said sum or other consideration were respectively received.(4) In this section —

Transferee Company means Kansai Nerolac Paints Limited

Examples of Transferee Company in a sentence

• As part of the Scheme, the Transferee Company shall have the right to use the ‘NIIT’ and ‘Stackroute’ brands, in perpetuity from the Appointed Date, without payment of any royalty to the Transferor Company.

• The Transferor Company and the Transferee Company may enter into agreements in relation to the aforementioned arrangements for the ‘NIIT’ and ‘Stackroute’ brands.

• As part of this Scheme, the Transferee Company shall have the royalty free economic right to use, as a licensee, the intellectual property other than those set out in sub-clause (v) above, in perpetuity from the Appointed Date, in accordance with such terms and conditions as may be mutually agreed.

• The mutation or substitution of the title to the immovable properties shall, upon this Scheme becoming effective, be made and duly recorded in the name of the Transferee Company by the appropriate authorities, pursuant to the sanction of this Scheme by the NCLT in accordance with the terms hereof.

• The Transferee Company shall, under the provisions of this Scheme, be deemed to be authorized to execute any such writings on behalf of the Transferor Company and to carry out or perform all such formalities or compliances referred to above on the part of the Transferor Company to be carried out or performed.

More Definitions of Transferee Company

Transferee Company means a company to which an interest in shares is conveyed; and

Transferee Company means TPL PLASTECH LIMITED.

Transferee Company means the company into which a transferor company is amalgamated.

Transferee Company means ALPA LABORATORIES LIMITED.

Transferee Company or ‘JAL” means JAIPRAKASH ASSOCIATES LIMITED having its registered office at Sector - 128, NOIDA, Uttar Pradesh

Transferee Company has the meaning assigned to it in Section 4.1.

Transferee Company means Mindtree Limited, a company incorporated under the Companies Act, 1956 and having its registered office at Global Village, RVCE Post, Mysore Road, Bengaluru 560 059.