Assessment of compensation: Joint Director authorised to determine payouts to members and creditors on company amalgamation. The rule designates the Joint Director in the Ministry of Corporate Affairs as the authority to assess compensation payable to members or creditors, including debenture-holders, of companies amalgamating under the applicable amalgamation provision; it centralises the assessment function and was inserted by amendment and later updated by notification.
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.
Assessment of compensation: Joint Director authorised to determine payouts to members and creditors on company amalgamation.
The rule designates the Joint Director in the Ministry of Corporate Affairs as the authority to assess compensation payable to members or creditors, including debenture-holders, of companies amalgamating under the applicable amalgamation provision; it centralises the assessment function and was inserted by amendment and later updated by notification.
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