What must be done after a Scheme of Arrangement has been approved?

Once a Scheme of Arrangement has been approved, the first critical step is to file the necessary documents with the registrar of companies. This filing is essential as it formalizes the approval and makes it official, ensuring that the terms of the Scheme are legally recognized and enforceable.

The documentation typically includes the court order approving the Scheme and possibly an updated version of the company’s articles of association, reflecting any changes that result from the Scheme. Filing these documents also aids in maintaining transparent records for all stakeholders and ensures compliance with legal requirements governing corporate restructuring.

While notifying the stock exchange or conducting further meetings might be relevant depending on the circumstances, they are not immediate steps necessary following the approval. Similarly, distributing dividends is contingent on the successful implementation of the Scheme and would occur at a later stage, not immediately afterward.