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 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 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 shall not, without prior written consent of the Transferee Company, undertake any new business.
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 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 continue to comply with the provisions of the Act, including those relating to preparation, presentation, circulation and filing of accounts as and when they become due for compliance.
The Transferor Companies and the Transferee Company shall make necessary applications before the NCLT for the sanction of this Scheme under Sections 230 to 232 of the Act and other applicable provisions of the Act, and for seeking orders for dispensing with or convening,holding and/or conducting of the meetings of respective shareholders/creditors and for sanctioning of this Scheme.