This event has been postponed due to some technical issues. All the participants will be informed of the dates when it starts. All the best!
Following are the rules that all the participants need to religiously follow in order to stay in the competition. Non-adherence or violation may result in disqualification without any prior notice.
No plagiarism/copy-pasting. The answers should be unique and in one's own words.
The minimum length of the answer has to be 100 words or more.
The quality and authenticity of each answer shall be analyzed by the LCI quality team individually and the decision of the quality team shall be final. Each qualified answer adds 2 points to your score.
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Participants have to answer only the unattended queries and not the ones that have already been resolved. The direct link to the unattended queries is here - click here
Plz, keep noting the links of the queries that you have answered so the scores can be matched if needed. To make it easier for us and safer for all, you can drop the links on - firstname.lastname@example.org at the end of the day.
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(The legal provisions, case laws and link to an a related LCI article)
Any disrespectful or foul comment in the thread would attract disqualification. The decision of the LCI quality team shall be final.
You can add brownie points to your scorecard as well - Sharing the contest poster and tagging 2 friends (On any social media platform) will win you 10 points. Writing a judgment summary gets you 20 and an article gets you 30.
You can drop a mail at email@example.com in case of any query regarding the contest.
Bird and Company Limited (Acquisition and Transfer of Undertakings and Other Properties) Act,1980
Act No : 67
Section : TRANSFER AND VESTING OF SHARES HELD BY THE COMPANY IN THE SPECIFIED COMPANIES
SECTION 04: TRANSFER AND VESTING OF SHARES HELD BY THE COMPANY IN THE SPECIFIED COMPANIES
(1) On the appointed day, all the shares held by the Company in the specified companies shall, by virtue of this Act, stand transferred to, and vest in, the Central Government.
(2) The Central Government shall be deemed, on and from the appointed day, to have been registered in the Register of Members of the concerned specified company as the holder of each share which stands transferred to, and vested in. it by virtue of the provisions of sub-section (1).
(3) For the removal of doubts, it is hereby declared that the provisions of sub-section (1) and (2) shall not be deemed to affect,-
(a) any right of a specified company subsisting, immediately before the appointed day, against the Company to recover from it any sum of money on the ground that the Company has not paid or credited to the specified company the whole or any part of the value of the shares held by it, or on any other ground whatsoever; or
(b) any right of a specified company subsisting, immediately before the appointed day, against the Company to receive any payments due from the Company.