TMI BlogApplication for order of a meetingX X X X Extracts X X X X X X X X Extracts X X X X ..... ibunal 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) fee as prescribed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 company carrying voting rights, and include ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 wherein a sum of amount not less than one-half of total consideration ..... X X X X Extracts X X X X X X X X Extracts X X X X
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