What does scheme of arrangement mean?
Definitions for scheme of arrangement
scheme of arrange·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word scheme of arrangement.
Wikipedia
Scheme of arrangement
A scheme of arrangement (or a "scheme of reconstruction") is a court-approved agreement between a company and its shareholders or creditors (e.g. lenders or debenture holders). It may affect mergers and amalgamations and may alter shareholder or creditor rights. Schemes of arrangement are used to execute arbitrary changes in the structure of a business and thus are used when a reorganisation cannot be achieved by other means. They may be used for rescheduling debt, for takeovers, and for returns of capital, among other purposes. In the United Kingdom, the relevant provisions for effecting a scheme of arrangement are found in the Companies Act 2006, Part 26 (ss.895-901) and Part 27 (special rules for public companies). In Australia, the relevant provisions for effecting a scheme of arrangement or reconstruction are located in Part 5.1 of the Corporations Act 2001 (Cth). In South Africa, the relevant provisions for effecting a scheme of arrangement are found in the Companies Act 2008, No. 71 Of 2008, Sections 114 and 115.
Numerology
Chaldean Numerology
The numerical value of scheme of arrangement in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of scheme of arrangement in Pythagorean Numerology is: 1
Examples of scheme of arrangement in a Sentence
Subject to receiving sufficient support, and to it receiving the endorsement of the Baltic Exchange board, it is expected that a scheme of arrangement will then be circulated to shareholders and a general meeting will be announced, for shareholders to vote on an offer from SGX.
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"scheme of arrangement." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/scheme+of+arrangement>.
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