Scheme of Compromise or Arrangement - chairperson must report meeting attendance and voting outcome for approval. Form CAA.4 requires the chairperson to report attendance (personal or by proxy), the aggregate entitlements represented, that the scheme of compromise or arrangement was read and explained, and that the question of approval by the relevant class was put to the meeting. The report must record the voting outcome listing persons voting for and against with the value of debt or number of shares and votes cast. If the scheme is approved with modifications, those modifications and the particulars of voting on them must be stated.
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.
Scheme of Compromise or Arrangement - chairperson must report meeting attendance and voting outcome for approval.
Form CAA.4 requires the chairperson to report attendance (personal or by proxy), the aggregate entitlements represented, that the scheme of compromise or arrangement was read and explained, and that the question of approval by the relevant class was put to the meeting. The report must record the voting outcome listing persons voting for and against with the value of debt or number of shares and votes cast. If the scheme is approved with modifications, those modifications and the particulars of voting on them must be stated.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.