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of <h1>Companies compromise and arrangement applications must include prescribed forms, disclosures, valuation report and escrow deposit for takeover offers.</h1> Rule 3 prescribes procedural requirements for applications for orders of a meeting under the Companies compromise and arrangement regime, requiring prescribed forms, affidavit, copy of scheme with mandated disclosures and fee, with joint applications permitted where multiple companies are involved and service on the company or its liquidator at least fourteen days before hearing. The applicant must disclose the basis for identification of each class of members or creditors for voting purposes, and a member-initiated takeover arrangement is permitted when members holding not less than three-fourths of voting equity apply; such takeover applications must include a registered valuer report detailing valuation parameters and a separate bank account with at least half the consideration deposited.
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