Scheme of arrangement -Demerger

Jayanta Bandyopadhyay (310 Points)

27 September 2024  

In 2018, NCLT approved the scheme of Arrangement (Demerger). However, for some reasons, Share certificates in respect of equity shares issued to each of the shareholders pursuant to the Scheme of Arrangement  have not yet been issued.  Auditors are mentioning in the report. Is it violative of any Laws/AS etc? Please guide.

Regards,