FLFL definition
Examples of FLFL in a sentence
Subject to the relevant law, rules and regulations applicable to the Funds, the Board of Directors or any committee thereof of PRIL and FLFL may decide to continue to make the said contributions to the Funds of PRIL.
The receiving state case manager will conduct the BA Safety Home Study of the identified relatives or “kin” and the home environment using the receiving state’s applicable policy and procedures for such a placement.
Consequently, and as the Scheme does not contemplate removal of any asset by FLFL from the premises in which it is installed, no reversal of any tax credit needs to be made or is required to be made by PRIL.
The board of directors of PRIL and FLFL shall be empowered to jointly remove such difficulties as may arise in the course of implementation of this Scheme and registration of new members in FLFL on account of difficulties faced in the transaction period.
Upon the coming into effect of this Scheme, the share certificates, if any, and/or the shares in electronic form representing the shares held by FLFL and its nominees in FTL and the share certificates, if any, and / or the shares in electronic form representing the shares held by FTL and its nominees in FSRL, shall be deemed to be cancelled without any further act or deed for cancellation thereof by FLFL, and shall cease to be in existence accordingly.
FLFL will put in place a suitable stock option scheme on terms and conditions not less favourable to the employees than those of the PRIL Stock Option Scheme which will be offered to such employees of the PRIL Demerged Undertaking whose options under the PRIL Stock Option Scheme have lapsed pursuant to this Clause.
Further, any of the obligations, duties and commitments attached, relating or pertaining to FTL and FSRL that have been undertaken or discharged by FTL and FSRL shall be deemed to have been undertaken or discharged for and on behalf of and as an agent for FLFL.
This Scheme of Arrangement is presented under Sections 230 to 232 read with Section 66 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013 for the following: • reduction of share capital of FSRL; and • amalgamation of FTL and FSRL with FLFL.
The entire issued, subscribed and paid up equity share capital of FTL is held by FLFL along with its nominees.
Any question that may arise as to whether any employee belongs to or does not belong to FTL and FSRL shall be decided by Board of Directors of FTL and FSRL in consultation with FLFL.