Scheme: means this Scheme of Arrangement in its present form with any modification thereof or additions thereto, approved or conditions, if any, imposed by the Court. A scheme of arrangement is a very flexible and long-established Companies Act procedure which can be used to vary the rights of some or all of a company’s creditors and/or shareholders. 3. 0 As long as a scheme receives the support of the h�b```�nVS~�g`f`�s�`�[c���`��"���]CECGDx�!4� H�Q �u�X�����S-�RX��I00L.n\���rN_� ��� @=���(��O�0�� ��� Independent Schemes 15 4. restructuring by way of parallel schemes of arrangement in England and Bermuda. A Scheme is a statutory procedure which permits a company to make an arrangement or compromise with its members or creditors (or any class of them) which, if approved by the requisite majority of such members or creditors and sanctioned by the court, will be binding on all Scheme of Arrangement (Under Section 539 of the Companies and Allied Matters Act Chapter C20 LFN 2004) Between Savannah Sugar Company Limited RC 8003 and The Holders of its Fully Paid Ordinary Shares of N1.00 Each Incorporating an Explanatory Statement on the Proposed Schemes of Arrangement This Scheme Document is dated May 29, 2020 Parties other than each Scheme Company and the Scheme Creditors 15 5. Definitions 5 2. SCHEME OF ARRANGEMENT THE AUSTRALIAN SCHEME 15 3. QfÊ ÃMlˆ¨@DE €£¡H¬ˆb!(¨`HPb0Š¨¨dFÖJ|yyïåå÷ǽßÚgïs÷Ù{Ÿµ. 84 0 obj <>/Filter/FlateDecode/ID[<015368B82399064D90DBF1061958C4DE><4BB29FD1D9D6104BB9A027433F9798E0>]/Index[69 33]/Info 68 0 R/Length 79/Prev 72617/Root 70 0 R/Size 102/Type/XRef/W[1 2 1]>>stream This Composite Scheme of Arrangement and Amalgamation (“Scheme”) is presented pursuant to the provisions of Section 230 to 232 and other relevant provisions of the Companies Act, 2013, as may be applicable, and also read with Sections 2(19AA), 2(1B), Section 2(42C) and other relevant provisions of the Income-Tax Act, 1961, as Schemes of arrangement (for companies) > A scheme of arrangement can be used only for a friendly acquisition of a company, and is frequently used to effect 100% acquisitions. )É©L^6 ‹gþ,qmé¢"[šZ[Zš™~Q¨ÿºø7%îí"½ LIQUIDATION, JUDICIAL MANAGEMENT & SCHEME OF ARRANGEMENT – PROCEDURE & PRACTICE CHANTAN LLC 2 • Section 210, Companies Act (Cap 50) provides for schemes of arrangement to be binding on creditors and members alike after the requisite approval by the specified majority and upon confirmation by the court. Assuming that the majorities are achieved, a further court hearing is held, at which the court must be satisfied that the 'arrangement is … "Scheme" or "the Scheme" or "this Scheme" means this Scheme of Arrangement in its present form submitted to the NCLT or as the case may be this Scheme with such modification(s), if any made, as per Clause 16 of the Scheme; "Stock Exchanges" means BSE Limited and National Stock Exchange of India Limited, as may be applicable. $E}k¿ñÅyhây‰RmŒ333¸–‘¸ ¿ë:ü }ñ=#ñv¿—‡îʉe scheme of arrangement between reliance industries limited & its shareholders and creditors and reliance o2c limited & its shareholders and creditors under sections 230 to 232 and other applicable provisions of the companies act, 2013 . [2] This Guidance Note refers to both the scheme applicant, which will usually be the relevant Code company, and the “promoter” of the scheme. SCHEME 3.1. 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