Operating agency inventory and valuation powers enable preparation of assets, creditor lists, reserve price and proforma accounts. Tribunal may direct an operating agency to prepare a complete inventory of all assets and liabilities, books, registers and title documents, separate lists of shareholders and creditors distinguishing secured and unsecured creditors, a valuation report of shares and assets to determine reserve price, lease rent or share exchange ratio, estimates of those figures, and proforma accounts where up-to-date audited accounts are unavailable.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Operating agency inventory and valuation powers enable preparation of assets, creditor lists, reserve price and proforma accounts.
Tribunal may direct an operating agency to prepare a complete inventory of all assets and liabilities, books, registers and title documents, separate lists of shareholders and creditors distinguishing secured and unsecured creditors, a valuation report of shares and assets to determine reserve price, lease rent or share exchange ratio, estimates of those figures, and proforma accounts where up-to-date audited accounts are unavailable.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
