DBSIL definition
Examples of DBSIL in a sentence
Any document of title pertaining to the assets of HIL shall also be deemed to have been mutated and recorded as title of DBSIL to the same extent and manner as originally held by HIL to the end and intent that all the ownership, right, title and interest so vesting in DBSIL will be such as if DBSIL was originally HIL.
The same shall be deemed to have been so paid by DBSIL for increase in its authorised share capital.
As on the date of approving the Scheme by the Board, the entire issued, subscribed and paid up equity share capital of HIL is held by DBSIL and its nominees.
DBSIL shall be deemed to be authorised to execute any such deeds, writings or confirmations on behalf of HIL and to implement or carry out all formalities required on the part of HIL to give effect to the provisions of this Scheme.
DBSIL is mainly engaged in manufacturing of sugar, generation of power, manufacturing of industrial alcohol and manufacturing of refractory products.
DBSIL agrees that the services of all such employees with HIL, up to the Effective Date shall be taken into account for purposes of all retirement benefits to which they may be eligible as on the Effective Date.
HIL and DBSIL, acting through their respective Board of Directors shall each be at liberty to withdraw from this Scheme in case any condition or alteration imposed by any authority / person or otherwise is unacceptable to any of them, in which case the Board of the other company shall decide consequent actions as considered appropriate by them.
DBSIL undertakes to pay the same, as and when payable under Applicable Laws.
The equity shares of DBSIL are listed on BSE Limited and the National Stock Exchange of India Limited.
The stamp duties and fees paid on the authorised capital of HIL shall be utilized and applied to increase the authorised share capital of DBSIL.