Examples of Undertaking of Transferor Company in a sentence
The entitlement to various benefits under exemption schemes, incentive schemes, subsidies / grant, tax holiday, any privileges enjoyed / conferred upon/ held/ availed of by the Transferor Company and insurance policies in relation to the Undertaking of Transferor Company shall stand transferred to and be vested in and/ or deemed to have been transferred to and vested in Transferee Company together with all benefits, entitlements and incentives of any nature whatsoever.
All books, records, files, papers, engineering and process information, catalogues, quotations, advertising materials, if any, lists of present and former clients, whether in physical or electronic form, pertaining to the Transferred Undertaking of Transferor Company, to the extent possible and permitted under Applicable Laws, be handed over by them to Transferee Company.
The land parcel forming part of SDZ Real Estate Development Undertaking of Transferor Company is proposed to be demerged from the Transferor Company and transferred to and vested in the Transferee Company.
The contributions made by Transferor Company under Applicable Law in connection with the employees of the Transferred Undertaking of Transferor Company, to the funds, for the period after the Appointed Date shall be deemed to be contributions made by Transferee Company.
The land parcel forming part of SDZ Real Estate Development Undertaking of Transferor Company, is proposed to be demerged from the Transferor Company and transferred to and vested in the Transferee Company.
Transferor Company 1 shall be deemed to have been carrying on and shall carry on its business and activities and shall be deemed to have held and stood possessed of and shall hold and stand possessed of all its properties and assets pertaining to the MTN Undertaking of Transferor Company 1 for and on account of and in trust for the Transferee Company.
That, in their opinion the proposed demerger of Specified Undertaking of Transferor Company into Applicant Company under the Scheme of Arrangement seems fair and reasonable.
Thereby, the Transferee Company received electronic confirmation from Stock Exchanges for not processing the said Scheme of Arrangement pursuant to SEBI circular No. CFD/DIL3/CIR/2018/2 dated January 03, 2018 and hence, the Applicant Company is not required to obtain Observation Letter or No Objection Letter from Stock Exchanges for demerger of Specified Undertaking of Transferor Company into Transferee Company.
The Transferor Company shall not, without the prior written consent of the Board of Directors of the Transferee Company or pursuant to any pre-existing obligation, sell, transfer or otherwise alienate, charge, mortgage, encumber or otherwise deal with, or dispose off, any of the assets of the Undertaking of Transferor Company or any part thereof.
Transferee Company shall record the assets and liabilities relating to Transferred Undertaking of Transferor Company vested in it pursuant to this Scheme, at their respective carrying amounts as appearing in the consolidated financial statement of the Transferee Company.