Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 255

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 255
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angements. In certain circumstances, the Companies Law allows for mergers or consolidations between two British Virgin Islands companies, or between a BVI business company and a company incorporated in another jurisdiction (provided that is facilitated by the laws of that other jurisdiction).

Under the Companies Law, two or more companies
may either merge into one of such existing companies (the “surviving company”) or consolidate with both existing companies
ceasing to exist and forming a new company (the “consolidated company”). The procedure for a merger or consolidation between
the company and another company (which need not be a British Virgin Islands company, and which may be the company’s parent or subsidiary,
but need not be) is set out in the Companies Law. The directors of the British Virgin Islands company or British Virgin Islands companies
which are to merge or consolidate must approve a written plan of merger or consolidation which., with the exception of a merger between
a parent company and its subsidiary, must also be approved by a resolution of a majority of the shareholders who are entitled to vote
and actually vote at a quorate meeting of shareholders or by written resolution of the shareholders of the British Virgin Islands company
or British Virgin Islands companies which are to merge. A foreign company which is able under the laws of its foreign jurisdiction to
participate in the merger or consolidation is required by the Companies Law to comply with the laws of that foreign jurisdiction in relation
to the merger or consolidation. The company must then execute articles of merger or consolidation, containing certain prescribed details.
The plan and articles of merger or consolidation are then filed with the Registrar of Corporate Affairs in the British Virgin Islands.
The Registrar then registers the articles of merger or consolidation and any amendment to the memorandum and articles of the surviving
company in a merger or the memorandum and articles of association of the new consolidated company in a consolidation and issue a certificate
of merger or consolidation (which is conclusive evidence of compliance with all requirements of the Companies Law in respect of the merger
or consolidation). The merger is effective on the date that the articles of merger are registered with the Registrar or on such subsequent
date, not exceeding thirty days, as is stated in the articles of merger or consolidation.

As soon as a merger becomes effective: (a) the
surviving company or consolidated company (so far as is consistent with its memorandum and articles of association, as amended or established
by the articles of merger or consolidation) has all rights, privileges, immunities, powers, objects and purposes of each