Examples of Transferee Company 2 in a sentence
The Board of Directors of the Transferor Company and the Transferee Company 2 have come to the conclusion that the said consideration is in the interest of the shareholders of the Transferor Company and the Transferee Company 2.
Consideration amount shall be paid within such period as may be agreed between the Transferor Company and the Transferee Company 2.
The Transferee Company 2 undertakes to continue to abide by any agreement/ settlement or arrangement, if any, entered into or deemed to have been entered into by the Transferor Company 3 with any of the aforesaid employees or union representing them.
After the Appointed Date and before the Effective Date, if any Proceedings are taken by or against the Transferor Company pertaining to the Transferred Undertaking 2, the same shall be instituted and/or defended by the Transferor Company for and on behalf of the Transferee Company 2.
The Transferee Company 2 (as defined hereinafter) is a private limited company incorporated on 17th March 2010 under the Companies Act, 1956.
It is hereby clarified that the restrictions mentioned in Clauses 9.2 and 9.3 shall be applicable from the date of acceptance of Section II of this present Scheme by the Board of Directors of the Transferor Company and the Transferee Company 2 and not from the Appointed Date.
The Transfer and vesting of the Transferred Undertaking 2 and the continuance of the proceedings mentioned in Clauses 3 and 5 shall not in any manner effect the transaction or proceedings already concluded by or against the Transferor Company pertaining to the Transferred Undertaking 2:- (i) On or before the Appointed Date; and that the Transferee Company 2 accepts on behalf of itself all acts, deeds, bonds, agreements and other instruments of whatever nature done and executed by the Transferor Company.
Accordingly, subject to the terms and conditions of Section II of this Scheme, in consideration of the transfer of the Transferred Undertaking 2 by the Transferor Company to the Transferee Company 2 upon the terms of Section II of this Scheme, the Transferee Company 2 shall discharge a consideration of Rs. 6,93,04,409/- (Rupees Six Crores Ninety Three Lakhs Four Thousand Four Hundred and Nine only) (“Consideration”).
In the event Transferee Company 2 incurs any tax liability after the Effective Date for any period pertaining prior to the Effective Date on account of transfer of O & M Business whether such liability, provision was accounted for or not in the books of the Transferor Company, such liability shall be borne by the Transferee Company 2.
Any refund under the Tax Laws due to Transferor Company consequent to the assessments made on Transferor Company and for which no credit is taken in the Accounts as on the date immediately preceding the Appointed Date shall also belong to and be received by the Transferee Company 2 to the extent attributable to the Transferred Undertaking 2.iii.