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[Cites 0, Cited by 0] [Section 261] [Entire Act]

Union of India - Subsection

Section 261(2) in The Companies Act, 2013

(2)A scheme prepared in relation to any sick company under sub-section (1) may provide for any one or more of the following measures, namely:โ€”
(a)the financial reconstruction of the sick company;
(b)the proper management of the sick company by any change in, or by taking over, the management of such company;
(c)the amalgamation ofโ€”
(i)the sick company with any other company; or
(ii)any other company with the sick company;
(d)takeover of the sick company by a solvent company;
(e)the sale or lease of a part or whole of any asset or business of the sick company;
(f)the rationalisation of managerial personnel, supervisory staff and workmen in accordance with law;
(g)such other preventive, ameliorative and remedial measures as may be appropriate;
(h)repayment or rescheduling or restructuring of the debts or obligations of the sick company to any of its creditors or class of creditors;
(i)such incidental, consequential or supplemental measures as may be necessary or expedient in connection with or for the purposes of the measures specified in clauses (a) to (h).