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Catchword for “white wash”
Catchword: white wash
Filed Under: , , ,
Part of Speech: n.
Quotation: And therefore, you have to do a very detailed exercise and then do what is called white wash procedure. Under the white wash procedure, the directors of the company and have to make a statuary declaration that immediately after the financial assistance is provided and 12 months thereafter, the company will be able to pay all its obligations as well as will be able to pay as and when they fall due. This is a very serious statuary declaration because if for any reason it doesn’t work out then there is a criminal liability for all the directors.
Article or Document Title:
“Arun Gandhi: Tatas’ M&A king and Corus deal writer” (URL)
Article, Document, Publication, Web Site:
Moneycontrol India
Date of Publication:
Sept. 15, 2007
This catchword has yet to be researched.
Posted 17 Sep 07 | Permalink | Tell a Friend

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