Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact
Admission or rejection of the application by the tribunal
attached the Press Release regarding approval of Hon’ble NCLT, New Delhi for acquisition. of M/s RCI Industries & Technologies Limited through resolution process.
Why it matters
CapitSignal interpretation
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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Fact
Admission or rejection of the application by the tribunal
Amendment to AOA/MOA. Effectiveness of the Composite Scheme of Arrangement amongst Tata Motors Limited (“the Company”). Respective shareholders, under Sections 230-232 and other applicable provisions of the Companies Act.
Why it matters
CapitSignal interpretation
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
attached the Press Release regarding approval of Hon’ble NCLT, New Delhi for acquisition. of M/s RCI Industries & Technologies Limited through resolution process.
A merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What happened
Fact
Amendment to AOA/MOA. Effectiveness of the Composite Scheme of Arrangement amongst Tata Motors Limited (“the Company”). Respective shareholders, under Sections 230-232 and other applicable provisions of the Companies Act.
Once an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What happened
Fact
Corporate Insolvency Resolution Process. Advocate and Insolvency Professional. In the matter of Reliance Home Finance Limited (In CIRP).
A dividend moves cash off the balance sheet to shareholders, so it is both a return and a statement about how much cash the business does not need.
What happened
Fact
the Record Date for determining the shareholders who will be entitled to the said interim dividend. The decision to declare the Special Interim Dividend has been taken in view of the Company’s strong cash.
