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Section 232(6) of the Companies Act, 2013 states that the appointed date with respect to a scheme of merger and amalgamation means the date from which the scheme becomes effective.

Chit Funds which basically started as a savings scheme, later evolved as a loan provider for deserving participants. Aranmula Chits have different chit fund schemes like monthly chitty, weekly chitty and premium chitty. Contact us for more enquiries !

NCLT rejected the scheme of amalgamation of Gabs Investments and Ajanta Pharma on grounds on GAAR.

In November 2017, Qube Cinema Technologies and UFO Moviez announced the merger of their businesses. Even after part of the scheme was approved by the Chennai NCLT bench, the scheme was rejected by the Mumbai NCLT in the last week of January 2019.

RBI announced a reconstruction scheme for YES Bank to prevent the collapse of the whole banking and financial system and people faith in it. Our article tries to dissect the reason and the effect on the current and the new stakeholders of the bank.

With over 26500 licensees covering over 946 products, the BIS product Certification Scheme is one of the largest in the world. BIS Certification enables licensees to use the well-known ISI label, which is synonymous with high-quality goods. According to a government announcement, BIS certification is required for 90 items. The BIS also runs a Foreign Manufacturers Certification Scheme, which allows foreign manufacturers to be licenced to use the BIS Standard Mark.

NCLAT approved Reliance Jio demerger scheme after rejecting the objections by the IT Dept. that the scheme was in violation of Sec 52, 55 & 66 of the Companies Act, 2013.

Britannia Industries Limited (Company) has vide its Scheme of Arrangement with its members has proposed for issue of Secured Non-Convertible Fully Paid-Up Debentures by way of bonus to the members as on record date out of the accumulated profits lying to the credit of its Profit & Loss Account.

The new scheme of restructuring will further simplify the group structure by removing any cross holdings between Borosil Glass and Gujarat Borosil.

The Board of Directors of Lux Industries Limited have approved the scheme of merger of its group entities J. M. Hosiery & Co. Limited and Ebell Fashions Private Limited with Lux Industries Limited.

The scheme of amalgamation provides for merger of Wipro Technologies Austria GmbH, Wipro Information Technology Austria GmbH, Newlogic Technologies SARL and Appirion India Cloud Solutions Private Limited with Wipro Limited.

The Board of Directors of Century Textiles and Industries Limited (Century) had approved a Scheme of Arrangement between the Century, UltraTech Cement Limited (UltraTech), and their shareholders and creditors for the demerger of its cement division into UltraTech.

The Board of Directors of the company in their meeting held on February 23, 2018 approved the scheme of Amalgamation of AMPL with Paisalo. Appointed date for the transaction is closing hours of December 31, 2017.

The Board of Directors of the Company approved a Scheme of Amalgamation involving amalgamation of Indian Metals and Carbide Limited (IMCL), a wholly owned subsidiary of the Company and B. Panda and Company Private Limited (B Panda), the holding company of the Company, into the Company.

The Board of Directors of Motilal Oswal Financial Services Ltd (MOFSL) have approved the Draft Scheme of Amalgamation for merger of Motilal Oswal Securities Ltd (MOSL) with MOFSL and have also approved the slump sale of its existing lending business to its wholly owned subsidiary, which is in the process of being incorporated.

HT Media Ltd decided to demerge the B2C business into HMVL instead of merging the whole IESPL into HMVL. Although the scheme deems that the transaction for HVML it is strategic fit but it may be just better utilisation of surplus cash with the company.

JTEKT Sona Automotive India Limited is 49% subsidiary of SKSS and 51% is held by JTEKT, Japan. JTEKT wants to consolidate its joint venture with the company through the scheme of amalgamation from appointed date 1st April 2018 with swap ratio as 1,582 equity shares to be allotted by SKSS for every 1000 Equity shares

Phoenix Mills Limited (PML) has announced a scheme of amalgamation of its subsidiary company, Phoenix Hospitality Company Private Limited (PHCPL) with itself and the merger was approved by the respective boards.

Hinduja Ventures Ltd (HVL) through a scheme of arrangement, integrating media & communication business of its subsidiary IndusInd Media and communication Ltd (IMCL) by way of a demerger with itself.

DCM group has done quite a few restructurings in the past. In this article, DCM Ltd announced a scheme to sell its Engineering Business to DCM Engineering Ltd. along with all the debts which are attached to it.