The Companies Act No. 17 of 2015▤
Draft terms relating to division to be published
(1) The directors of each company involved in the division shall lodge a copyof the draft terms with the Registrar for registratio…
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1,019 results · The Companies Act No. 17 of 2015
The Companies Act No. 17 of 2015▤
Draft terms of scheme to be prepared and adopted in relation to division
(1) The directors of each company involved in a division shall prepare and adopt a draft of the proposed terms of the scheme. (2)…
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The Companies Act No. 17 of 2015▤
Introductory: companies and involvement of companies in division
A scheme involves a division if, under the scheme, the undertaking, property and liabilities of the company in respect of which a…
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The Companies Act No. 17 of 2015▤
Other circumstances in which meeting of members of transferee company not required in relation to merger
(1) In the case of a merger by absorption, the scheme need not be approved by the members of the transferee company if the Court,…
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The Companies Act No. 17 of 2015▤
Circumstances in which meeting of members of transferee company not required in relation to merger
(1) This section applies to a merger by absorption if all of the relevant securities of— (a) the transferor company; or (b) if the…
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The Companies Act No. 17 of 2015▤
Circumstances in which meeting of members of transferee company not required for merger
(1) This section applies to a merger by absorption if ninety percent or more (but not all) of the relevant securities of the trans…
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The Companies Act No. 17 of 2015▤
Circumstances in which certain particulars and reports not required in relation to merger
(1) This section applies to a merger by absorption if all of the relevant securities of the transferor company, or if there is mor…
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The Companies Act No. 17 of 2015▤
Allotment of shares to transferor company (or its nominee) prohibited
A scheme is invalid to the extent that it provides for shares in the transferee company to be allotted to a transferor company (or…
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The Companies Act No. 17 of 2015▤
Protection of holders of securities to which special rights attached(merger)
(1) This section applies to securities of the transferor company (other than shares) to which special rights are attached. (2) If…
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The Companies Act No. 17 of 2015▤
Articles of transferee company involved in merger to be approved
A merger by formation of a new company does not take effect unless the articles of the transferee company, or a draft of them, are…
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The Companies Act No. 17 of 2015▤
Members of merging companies entitled to inspect merger documents
(1) The members of each of the merging companies are, during the relevant period entitled— (a) to inspect at the registered office…
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The Companies Act No. 17 of 2015▤
Supplementary financial statement for merger in certain cases
(1) If the last annual financial statements of any of the merging companies relate to a financial year ending more than seven mont…
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The Companies Act No. 17 of 2015▤
Merging companies to arrange for preparation of experts’ reports
(1) The directors of the merging companies may jointly appoint an expert on behalf of those companies to prepare a written report…
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The Companies Act No. 17 of 2015▤
Directors of merging companies to prepare explanatory report relating to proposed merger
(1) The directors of each of the merging companies shall prepare and adopt a report that complies with subsection (2). (2) A repor…
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The Companies Act No. 17 of 2015▤
Scheme not effective unless approved by members of merging companies
(1) A scheme has no effect unless it is approved by a majority in number, representing seventy-five percent in value, of each clas…
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The Companies Act No. 17 of 2015▤
Draft terms of proposed merger to be published
(1) The directors of each of the merging companies shall lodge with the Registrar for registration a copy of the draft terms. (2)…
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The Companies Act No. 17 of 2015▤
Draft terms of scheme for proposed merger
(1) The directors of the merging companies shall prepare and adopt a draft of the proposed terms of the scheme. (2) Those director…
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The Companies Act No. 17 of 2015▤
Introductory: mergers and merging companies
(1) A scheme involves a merger if under the scheme— (a) the undertaking, property and liabilities of one or more public companies…
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The Companies Act No. 17 of 2015▤
Relationship of this Part to Part XXXIV
(1) The Court may sanction the compromise or arrangement under Part XXXIVonly if the relevant requirements of this Part have been…
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The Companies Act No. 17 of 2015▤
Application of this Part
(1) The Part applies when— (a) a compromise or arrangement is proposed between a public company and— (i) its creditors or a specif…
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The Companies Act No. 17 of 2015▤
Interpretation: Part XXXV
(1) In this Part— “companies involved in the division", in relation to a division, means the transferor company and any existing t…
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The Companies Act No. 17 of 2015▤
Obligations of company with respect to its constitution
(1) This section applies— (a) to any order under section 926; and (b) to any order under section 927 that alters the company’s con…
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The Companies Act No. 17 of 2015▤
Copy of order to be lodged with the Registrar for registration
(1) Within seven days after the Court has made an order under section 927,each company affected by the order shall lodge a copy of…
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The Companies Act No. 17 of 2015▤
Powers of the Court to facilitate reconstruction or amalgamation
(1) In this section— property" includes property, rights and powers of every description; “liabilities" includes duties; “transfer…
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