RESIDUAL PROVISIONS. The laws in force in either of the Contracting States shall continue to govern the assessment and taxation of income in the Contracting States except where express provision to the contrary is made in this Agreement.
RESIDUAL PROVISIONS. Upon this Scheme becoming effective, the accounts of the Transferor and the Transferee, as on the Appointed Date shall be reconstructed in accordance with the terms of this Scheme.
RESIDUAL PROVISIONS. 17.1 Even after this Scheme becomes operative, JWTL shall be entitled to operate all Bank Accounts relating to the Demerged Undertaking and realise all monies and complete and enforce all pending contracts and transactions in respect of the Demerged Undertaking in the name of WTL in so far as may be necessary until the transfer of rights and obligations of WTL to JWTL under this Scheme is formally accepted by the parties concerned.
RESIDUAL PROVISIONS. (a) The Transferee Company shall be entitled, pending the sanction of the Scheme, to apply to any Governmental Authority, if required, under any law for such consents and approvals which the Transferee Company may require to carry on the business of the Transferor Companies.
RESIDUAL PROVISIONS. 16.1 Even after this Scheme becomes effective, Greenlam shall be entitled to operate all bank accounts relating to the Demerged Undertaking and realise all monies and complete and enforce all pending contracts and transactions in respect of the Demerged Undertaking in the name of Greenply in so far as may be necessary until the transfer of rights and obligations of Greenply to Greenlam under this Scheme is formally accepted by the parties concerned.
RESIDUAL PROVISIONS. 33.1 Strides, Sequent and Solara shall be entitled to file/ revise its respective income tax returns, TDS certificates, TDS returns, wealth tax returns and other statutory returns, if required, and shall have the right to claim refunds, advance tax credits, credit of tax deducted at source, credit of foreign taxes paid/ withheld, etc., if any, as may be required consequent to implementation of this Scheme.
RESIDUAL PROVISIONS. 35.2 Upon this Scheme becoming effective, the accounts of the Companies, as on the Appointed Date shall be reconstructed in accordance with the terms of this Scheme.
RESIDUAL PROVISIONS. In the event of this Scheme failing to take effect finally, this Scheme shall become null and void and in that case no rights or liabilities whatsoever shall accrue to or be incurred inter se by the parties or their shareholders or creditors or employees or any other person. SCHEDULE (Statement of Assets and Liabilities of Publication Division of the Demerged Company) Particulars and Description of Assets Book Value (in Rs.) Fixed Assets Tangible Assets 6311465 Intangible Assets 410827 Sub-total 6722292 Long-term Loans & Advances 12525550 Sub-total 12525550 Current Assets Inventories 3072611 Trade Receivables 12975194 Cash and cash equivalents 8576622 Short-term loans and advances 4633917 Sub-total 29258343 Total 48506185 Liabilities Reserves and Surplus (Profit & Loss Debit balance) (198800090) Sub-total (198800090) Non-Current Liabilities Long-term provisions 3174666 Sub-total 3174666 Current Liabilities Short-term borrowings 202753381 Trade Payables 9081847 Other current liabilities 20374668 Short-term provisions 1165713 Sub-total 233375609
RESIDUAL PROVISIONS. 25.1 The Resulting Company shall be entitled, pending the sanction of the Scheme, to apply to any Governmental Authority, if required, under any law for such consents and approvals which the Resulting Company may require to carry on the business of the Demerged Company.
RESIDUAL PROVISIONS. In the event of this Scheme failing to take effect finally, this Scheme shall become null and void and in that case no rights or liabilities whatsoever shall accrue to or be incurred inter se by the parties or their shareholders or creditors or employees or any other person. - Schedule-1 Statement of Assets & Liabilities of Realty Division as appearing in Particulars Non-current assets (a) Property, Plant and Equipment (b) Intangible Assets (c) Financial Assets (i) Investment (ii) Other Financial Assets (d) Deferred tax assets (Net) (e) Other non-current assets Realty Division (Rs.) 60,16,982 - 80,99,95,853 55,42,098 -1,95,86,631 Total Non - Current Assets 84,11,41,565 Current assets (a) Inventories (b) Financial Assets (i) Trade receivables (ii) Cash and cash equivalents (iii) Other financial assets (c) Other current assets 31,14,48,170 1,28,68,522 19,93,445 9,67,17,116 4,36,37,438 Total Current Assets Total Assets 46,66,64,692 1,30,78,06,256 EQUITY AND LIABILITIES Reserve and Surplus Total equity 86,08,21,898 86,08,21,898 Non-current liabilities (a) Financial Liabilities (i) Borrowings (ii)Other financial liabilities (b) Provisions -77,21,589 - Total non-current liabilities 77,21,589 Current liabilities (a) Financial Liabilities
