DCBL definition
Examples of DCBL in a sentence
ODCL and/or DBL and/or DCBL 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 Directors of remaining companies shall decide consequent actions as considered appropriate by them.
If any provision or part of this Scheme is found to be unworkable for any reason whatsoever, the same shall not, subject to the decision of ODCL, DBL and DCBL affect the validity or implementation of the other provisions and parts of this Scheme.
Notwithstanding anything contained in this clause above, upon Scheme 1 coming into effect, pursuant to amalgamation of OCL with ODCL, in lieu of the shares of OCL standing pledged by DCBL in favour of its secured creditors, which shall get cancelled, DCBL shall substitute and pledge alternate security in their favour, as per the applicable lending documents.
All premiums, which remain outstanding, will be referred to DCBL Ltd and will be subject to increased costs to cover the collection of fees incurred..
The share capital of the DCBL as on 31st October, 2016 is as under: 30,00,00,000 Equity Shares of Rs. 10/- each 3,00,00,00,000 3,00,00,000 Preference Shares of Rs. 100/- each 3,00,00,00,000 77,30,00,000 Unclassified Shares of Rs. 10/- each 7,73,00,00,000 25,29,19,005 Equity Shares of Rs. 10/- each 2,52,91,90,050 After the aforesaid date there has been no change in authorised, issued, subscribed and paid up share capital of DCBL.
In the event of any inconsistency between any of the terms and conditions of any earlier arrangement among ODCL, DBL and DCBL and their respective shareholders and/or creditors, and the terms and conditions of this Scheme, the latter shall have overriding effect and shall prevail.
Further, upon the Scheme becoming effective, in order that the security held by the aforesaid secured creditors of DCBL are not in any way adversely effected, DCBL shall provide alternate security in terms of the agreements entered into with the secured creditors.