TMI BlogApplication for order of a meetingX X X X Extracts X X X X X X X X Extracts X X X X ..... Tribunal Rules, 2016) along with:- (i) a notice or admission in Form No. NCLT-2 (appended in the National Company Law Tribunal Rules, 2016); (ii) an affidavit in Form No. NCLT-6 (appended in the National Company Law Tribunal Rules, 2016); (iii) a copy of scheme of compromise or arrangement, which should include disclosures as per sub-section (2) of section 230 of the Act; and (iv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e company shall make an application for arrangement, for the purpose of takeover offer in terms of sub-section (11) of section 230, when such member along with any other member holds not less than three-fourths of the shares in the company, and such application has been filed for acquiring any part of the remaining shares of the company. Explanation I. - shares means the equity shares of the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... res of the company to be determined by the registered valuer after taking into account valuation parameters including return on net worth, book value of shares, earning per share, price earning multiple vis-a-vis the industry average, and such other parameters as are customary for valuation of shares of such companies. (b) details of a bank account, to be opened separately, by the member where ..... X X X X Extracts X X X X X X X X Extracts X X X X
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