Definitions of scheme of reconstruction
the issue of ordinary share capital by one company to shareholders of ordinary shares in another company in proportion to the number of shares they own. The new shares are treated as the same asset as schemes of reconstruction are seen as a form of reorganization.
This includes any scheme of reconstruction of the Purchaser under section 110 Insolvency Act 1986.
a plan to rebuild something eg following a natural disaster
The Nepalese authorities have started working out the scheme of reconstruction.
Phrase Bank for scheme of reconstruction
Unicorn will pay for a scheme of reconstruction that will transfer RAVCT’s assets and liabilities to UAVCT.
(h) the merger, acquisition or winding up of the company or participation in any scheme of reconstruction or any settlement whatsoever involving the company, or liquidation or dissolution of the company; (i) making of any loan, creation, renewal or extension of any borrowings or indebtedness by the company or granting …
3.4.4, effected under a compromise or arrangement proposed by lastminute.com under section 425 Companies Act 1985 or any scheme of reconstruction of lastminute.com under section 110 Insolvency Act 1986.
The Company has not, in the six years ending on the Signing Date been party to or involved in any share for share exchange or any scheme of reconstruction or amalgamation such as is mentioned in sections 135, 136 or 139 TCGA.