Spin Off
Legal definition for Indian law research
Definition
spin-off
: a transfer of corporate assets to a subsidiary in return for a distribution to the shareholders of the corporation of all of the stock or controlling stock of the subsidiary without surrender of any stock by the shareholders of the corporation
: a D reorganization involving a distribution of the stock of another company to the corporation's shareholders
;also
: a new company created by such a distribution compare split-off, split-up
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.