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According to Section 232(3) of the Companies Act, what can the Tribunal order after satisfying itself that the procedure has been complied with?
  • a)
    Sanction the scheme and dissolve the transferor company
  • b)
    Sanction the scheme and appoint a new board of directors
  • c)
    Sanction the scheme and allot shares to shareholders of the transferor company
  • d)
    Sanction the scheme and approve the merger or amalgamation
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
According to Section 232(3) of the Companies Act, what can the Tribuna...
Under Section 232(3), after ensuring compliance with the prescribed procedure, the Tribunal may sanction the compromise or arrangement and make provision for various matters. This includes the transfer of shares, debentures, policies, or other instruments to shareholders of the transferor company by the transferee company.
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According to Section 232(3) of the Companies Act, what can the Tribunal order after satisfying itself that the procedure has been complied with?a)Sanction the scheme and dissolve the transferor companyb)Sanction the scheme and appoint a new board of directorsc)Sanction the scheme and allot shares to shareholders of the transferor companyd)Sanction the scheme and approve the merger or amalgamationCorrect answer is option 'C'. Can you explain this answer?
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According to Section 232(3) of the Companies Act, what can the Tribunal order after satisfying itself that the procedure has been complied with?a)Sanction the scheme and dissolve the transferor companyb)Sanction the scheme and appoint a new board of directorsc)Sanction the scheme and allot shares to shareholders of the transferor companyd)Sanction the scheme and approve the merger or amalgamationCorrect answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about According to Section 232(3) of the Companies Act, what can the Tribunal order after satisfying itself that the procedure has been complied with?a)Sanction the scheme and dissolve the transferor companyb)Sanction the scheme and appoint a new board of directorsc)Sanction the scheme and allot shares to shareholders of the transferor companyd)Sanction the scheme and approve the merger or amalgamationCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to Section 232(3) of the Companies Act, what can the Tribunal order after satisfying itself that the procedure has been complied with?a)Sanction the scheme and dissolve the transferor companyb)Sanction the scheme and appoint a new board of directorsc)Sanction the scheme and allot shares to shareholders of the transferor companyd)Sanction the scheme and approve the merger or amalgamationCorrect answer is option 'C'. Can you explain this answer?.
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