Theodore Lowe, Ap #867-859
Sit Rd, Azusa New York
Find us here
Companies Rules CAA-5 | Download Free Templates
Team Lawyered
1. What is Form CAA 5 ?
This form is filed in pursuant to rule 15 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016. As per the rule, where the proposed compromise or arrangement is agreed to by the members or creditors or both as the case may be, with or without modification, the company (or its liquidator), shall, within seven days of the filing of the report by the Chairperson, present a petition to the Tribunal in Form No. CAA. 5 for sanction of the scheme of compromise or arrangement. The petition shall pray for appropriate orders and directions under section 230 read with section 232 of the Act. Where the company fails to present the petition for confirmation of the compromise or arrangement as aforesaid, it shall be open to any creditor or member as the case may be, with the leave of the Tribunal, to present the petition and the company shall be liable for the cost thereof
2. Why is it important?
a. It is a statutory requirement
b. It helps in obtaining the permission of the tribunal for the scheme and helps in maintaining transparency.
|
To access this Sample Agreement / Template, please fill in the details below and it will be emailed to you shortly.
Team Lawyered
Lawyered is a legal tech initiative designed to change the way people interact with and within the legal industry. We believe that access to critical services like legal should be just a click away. Our team is working to bring legal online, making it cost effective, high quality and accessible for all.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.
Sophie Asveld
February 14, 2019
Email is a crucial channel in any marketing mix, and never has this been truer than for today’s entrepreneur. Curious what to say.