Schemes of arrangements

A scheme of arrangement is a CA procedure between a company and its security holders that, when followed, binds the company and relevant security holders to a course of action.

A scheme may be a cancellation scheme or a transfer scheme.

In addition to using schemes to effect a transfer of control, a scheme is able to effect many other transactions.

To effect a scheme, the CA procedure must be followed precisely. This procedure includes meetings of security holders, an explanatory statement, court hearings and ASIC reviews.

See Schemes of arrangement.