Examples of The Transferor Companies in a sentence
The Transferor Companies hereby undertake to hold the said assets with utmost prudence until the Effective Date.
The Transferor Companies are wholly owned subsidiaries of the Transferee Company.
The Transferor Companies and the Transferee Company have made a joint application before the National Company Law Tribunal, Mumbai Bench for the sanction of the Scheme under Section 230 to 232 and any corresponding provisions of the Companies Act, 2013 read with Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.
The Transferor Companies are wholly owned subsidiaries of the Transferee Company, engaged in the same field of business.
The Transferor Companies shall be dissolved without going through the process of winding up.
The Transferor Companies and the Transferee Company shall be at liberty to withdraw from this Scheme in case any condition or alteration imposed by the Court or any other authority is not on terms acceptable to them.
The Transferor Companies shall (i) carry on and be deemed to have carried on its businesses and activities; and (ii) be deemed to have held and stood possessed of and shall hold and stand possessed of its entire businesses and undertakings, including assets for and on account of and in trust for the Transferee Company.
The equity shares of the Transferee Company are listed on the BSE and the NSE.G. The Transferor Companies and the Transferee Company are engaged in complementary businesses.
The Transferor Companies shall stand dissolved without winding up with effect from the date on which the certified copy of the order of the Court sanctioning the Scheme is filed with the Registrar of Companies, UP and Uttaranchal.
The Transferor Companies shall not, without prior written consent of the Transferee Company, undertake any new business.