https://www.taxtmi.com/acts?id=12808 The operating agency must prepare, within a prescribed period and subject to regulatory guidelines, a scheme for financial reconstruction, management change, amalgamation, sale or lease of undertakings, workforce rationalisation, debt repayment and related measures; the Tribunal examines, may publish and modify the draft, requires shareholder approval for amalgamation by transferee companies, sanctions the scheme which becomes binding and effects transfer and vesting of property and liabilities, and retains power to review, modify, direct implementation and monitor the scheme. en-us Tue, 17 May 2011 12:26:35 +0530 Tue, 17 May 2011 12:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=12808 The operating agency must prepare, within a prescribed period and subject to regulatory guidelines, a scheme for financial reconstruction, management change, amalgamation, sale or lease of undertakings, workforce rationalisation, debt repayment and related measures; the Tribunal examines, may publish and modify the draft, requires shareholder approval for amalgamation by transferee companies, sanctions the scheme which becomes binding and effects transfer and vesting of property and liabilities, and retains power to review, modify, direct implementation and monitor the scheme. Act-Rules Companies Law Tue, 17 May 2011 12:26:35 +0530 https://www.taxtmi.com/acts?id=12808