Common Contracts
2 similar null contracts
SCHEME OF ARRANGEMENT UNDER SECTIONS 230 TO 232 AND OTHER APPLICABLE PROVISIONS OF THE COMPANIES ACT, 2013 BETWEENApril 15th, 2019
This scheme of arrangement (“Scheme”, as more particularly defined hereunder) is presented under Sections 230-232 and other applicable provisions of the Companies Act, 2013 between ABB India Limited (“Transferor”), a subsidiary of ABB Asea Brown Boveri Limited, a corporation incorporated in Switzerland, and ABB Power Products and Systems India Limited (“Transferee”) and their respective shareholders and creditors. The Scheme provides inter alia for the demerger of the Demerged Undertaking (as defined below) of the Transferor to the Transferee (“Demerger”) and the consequent issuance of equity shares by the Transferee to the shareholders of the Transferor under Sections 230- 232 and other applicable provisions of the Act (as defined below) and the SEBI Scheme Circular (as defined below).
SCHEME OF ARRANGEMENT UNDER SECTIONS 230 TO 232 AND OTHER APPLICABLE PROVISIONS OF THE COMPANIES ACT, 2013 BETWEENApril 15th, 2019
This scheme of arrangement (“Scheme”, as more particularly defined hereunder) is presented under Sections 230-232 and other applicable provisions of the Companies Act, 2013 between ABB India Limited (“Transferor”), a subsidiary of ABB Asea Brown Boveri Limited, a corporation incorporated in Switzerland, and ABB Power Products and Systems India Limited (“Transferee”) and their respective shareholders and creditors. The Scheme provides inter alia for the demerger of the Demerged Undertaking (as defined below) of the Transferor to the Transferee (“Demerger”) and the consequent issuance of equity shares by the Transferee to the shareholders of the Transferor under Sections 230- 232 and other applicable provisions of the Act (as defined below) and the SEBI Scheme Circular (as defined below).
