A s.230(6) scheme binds all parties if agreed by what value majority and sanctioned by the Tribunal?
AOne-half in value
BTwo-thirds in value
CThree-fourths in value
DNine-tenths in value
Answer & Solution
Correct answer: C. Three-fourths in value
The vote must represent three-fourths in value of those voting, followed by Tribunal sanction.
Keep practising Compromises, Arrangements and Amalgamations
Browse all Compromises, Arrangements and Amalgamations questions for CA Final, or explore more Law topics.
Related questions
Under s.240, liability of officers in default for offences before a merger does what afterUnder s.238(1)(b), every offer must state what steps the transferee has taken about what?Under s.238(1)(c), a circular offering a share transfer scheme must be presented to whom fUnder s.237(3), a member whose rights in the transferee company are less is entitled to whEach section 237 order must be laid before whom after being made?A person aggrieved by compensation assessed under s.237(3) appeals to whom within 30 days?Who may notify an order for amalgamation in public interest under s.237?Under s.236(7), the right of heirs of a deceased minority holder to sell continues for how