https://www.taxtmi.com/acts?id=14212 Petition under Form No. 40 seeking court sanction of a compromise or arrangement: it sets out the purpose, company incorporation and capital details, objects, business and financial position, the full terms of the proposed compromise or arrangement and any meeting modifications. Procedure requires a court order to convene the relevant class meeting, appointment of a chairman to report, individual notices and advertisement, submission of the statement required by section 393, proxy provision, and a chairman's report recording attendance and the resolution. The petition prays that the sanctioned compromise or arrangement be binding on the specified class and the company, with affidavits verifying notices, meetings and the chairman's report. en-us Tue, 31 May 2011 18:21:57 +0530 Wed, 01 Jun 2011 11:38:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14212 Petition under Form No. 40 seeking court sanction of a compromise or arrangement: it sets out the purpose, company incorporation and capital details, objects, business and financial position, the full terms of the proposed compromise or arrangement and any meeting modifications. Procedure requires a court order to convene the relevant class meeting, appointment of a chairman to report, individual notices and advertisement, submission of the statement required by section 393, proxy provision, and a chairman's report recording attendance and the resolution. The petition prays that the sanctioned compromise or arrangement be binding on the specified class and the company, with affidavits verifying notices, meetings and the chairman's report. Act-Rules Companies Law Tue, 31 May 2011 18:21:57 +0530 https://www.taxtmi.com/acts?id=14212