New Delhi, Sep 28 (PTI) FMCG major HUL Friday said the National Company Law Tribunal (NCLT) has sanctioned a scheme of arrangement related to transfer of certain amount to the company's 'Profit and Loss Account'.

"We wish to inform you that the NCLT, Mumbai Bench, vide its order August 30, 2018, has sanctioned the aforesaid Scheme of Arrangement," HUL said in a regulatory filing.

The scheme of arrangement provides that upon coming into effect, the entire amount of Rs 2,187.33 crore standing to the credit of the general reserve of HUL shall be credited to profit and loss account of the company.

****** FlexFlims

launches site for EU customers *

FlexFilms, the global film manufacturing arm of flexible packaging solutions firm Uflex, has launched a website FLEX-BuzzR, which will make available its range of film offerings from its Poland plant to its European Union (EU) customers.

FLEX-BuzzR is intended to supplement FlexFilms' existing brick-and-mortar business model, Uflex said in a statement.

******* DLF CEO Rajeev Talwar is new PHDCCI President

*

Realty major DLF's CEO Rajeev Talwar Friday took over as the new president of industry body PHD Chamber of Commerce and Industry.

He is a post graduate and graduate from St Stephens College, Delhi University. He started his career in 1976 as a banker with State Bank of India as a Probationary Officer and was subsequently selected for the Indian Administrative Service in 1978.

"During his tenure as an IAS officer from 1978 to 2006, Talwar held many important and critical positions in the Central and state governments as well as Union Territories," PHD Chamber said in a statement.

Talwar is also the Chairman of the National Real Estate Development Council. He is also the Vice Chairman of World Tourism & Travel Council, India Initiative and will take over as the chairman of the council in December 2018. PTI RSN

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)