Fixed Deposits Sample Clauses

Fixed Deposits. 3.2.1 In the absence of Proper Instructions to the contrary within the time limit specified in the fixed term deposit confirmation issued to the Client, the Bank is authorised to renew at maturity such fixed term deposit in the name of the Client for a similar term and at the prevailing market interest rate, or for such other terms as the Bank reasonably considers to be appropriate in the circumstances.
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Fixed Deposits. The Company has neither accepted nor renewed any deposits falling within the provisions of Section 73 and 76 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014 from its member and public during the Financial Year.
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Fixed Deposits. (a) Fixed Deposit in the BUFH Accounts Within five (5) Business Days after the establishment of the Current Account, BUFH shall deposit RMB 75,857,696.00 in the Current Account, and at the same time, duly give irrevocable instructions to the Bank to transfer and deposit immediately the cash standing to the credit of the Current Account to each Cash Collateral Account in the amounts and to the accounts set forth below. Cash Collateral Account Deposit Amount (RMB) Cash Collateral Account 1 2,744,424.00 Cash Collateral Account 2 2,744,424.00 Cash Collateral Account 3 2,744,424.00 Cash Collateral Account 4 67,624,424.00
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Fixed Deposits. .................................................................................. %
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Fixed Deposits. 2.1 Each of the Accountholders may place funds with the Bank in the Fixed Deposit account until the agreed maturity date. Upon opening such Fixed Deposit account, the Bank shall issue a confirmation advice to the Accountholder(s) stating the principal sum, the term and the rate of commission payable for the same. An automatically renewable account shall be deemed to mature on regular intervals on the dates specified in the instructions given to the Bank. Each of the Accountholders may not transfer funds from this account without obtaining the Bank’s prior written consent.
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Fixed Deposits. The Company has not accepted any fixed deposit and hence there are no unclaimed deposits as on 31st March, 2017. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANY’S OPERATIONS IN FUTURE There is no significant and material order passed by the regulators or courts or tribunals impacting the going concern status and Company’s operations in future. ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE TO THE FINANCIAL STATEMENTS The Company has implemented and evaluated the Internal Financial Controls which provide a reasonable assurance in respect of providing financial and operational information, complying with applicable statutes and policies, safeguarding of assets, prevention and detection of frauds, accuracy and completeness of accounting records. Further, the Board annually reviews the effectiveness of the Company’s internal control system. The Directors and Management confirm that the Internal Financial Controls (IFC) are adequate with respect to the operations of the Company. A report of Auditors pursuant to Section 143(3)(i) of the Companies Act, 2013 certifying the adequacy of Internal Financial Controls is annexed with the Auditors report. AUDITORS The Auditors M/x. Xxxxxxxxxx & Associates (Firm Registration No. 316052E), Kolkata retires at the forthcoming Annual General Meeting and being eligible offer themselves for re-appointment. The Board recommends the re-appointment of M/x. Xxxxxxxxxx & Associates, Chartered Accountants, as Statutory Auditors and the Company has received the certificate from them to the effect that their re-appointment, if made, would be within the limits prescribed under section 139 of the Companies Act. Members are requested to appoint the Auditors for a period of three years commencing from the conclusion of ensuing 98th Annual General Meeting up to the conclusion of the 101th Annual General Meeting of the Company which ought to be held during the year 2020 subject to ratification. Necessary resolution for the appointment of Auditors has been included in the Notice of the Annual General Meeting for the approval of the Members. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013. The Company has been employing women employees in various cadres within the Office / Factory premises. The Company has in place an Anti-harassment policy in line with the requirements of the Sexual H...
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Fixed Deposits. The following conditions are applicable to fixed deposits (“FD”) maintained with the Bank:
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Fixed Deposits 
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Related to Fixed Deposits

  • Cash Accounts, Deposits and Money Movements Subject to the terms and conditions set forth in this Section 7, the Fund hereby authorizes the Custodian to open and maintain, with itself or with Subcustodians, cash accounts in United States Dollars, in such other currencies as are the currencies of the countries in which the Fund maintains Investments or in such other currencies as the Fund shall from time to time request by Instruction.

  • Interest Bearing Deposits Upon receipt of Proper Instructions directing the Custodian to purchase interest bearing fixed term and call deposits (hereinafter referred to collectively, as "Interest Bearing Deposits") for the account of the Fund, the Custodian shall purchase such Interest Bearing Deposits in the name of the Fund with such banks or trust companies (including the Custodian, any Subcustodian or any subsidiary or affiliate of the Custodian) (hereinafter referred to as "Banking Institutions") and in such amounts as the Fund may direct pursuant to Proper Instructions. Such Interest Bearing Deposits may be denominated in U.S. Dollars or other currencies, as the Fund may determine and direct pursuant to Proper Instructions. The Custodian shall include in its records with respect to the Assets of the Fund appropriate notation as to the amount and currency of each such Interest Bearing Deposit, the accepting Banking Institution and all other appropriate details, and shall retain such forms of advice or receipt evidencing such account, if any, as may be forwarded to the Custodian by the Banking Institution. The responsibilities of the Custodian to the Fund for Interest Bearing Deposits accepted on the Custodian's books in the United States shall be that of a U.S. bank for a similar deposit. With respect to Interest Bearing Deposits other than those accepted on the Custodian's books, (a) the Custodian shall be responsible for the collection of income as set forth in Section 2.15 and the transmission of cash and instructions to and from such accounts; and (b) the Custodian shall have no duty with respect to the selection of the Banking Institution or, so long as the Custodian acts in accordance with Proper Instructions and the terms and conditions of this Agreement, for the failure of such Banking Institution to pay upon demand. Upon receipt of Proper Instructions, the Custodian shall take such reasonable actions as the Fund deems necessary or appropriate to cause each such Interest Bearing Deposit account to be insured to the maximum extent possible by all applicable deposit insurers including, without limitation, the Federal Deposit Insurance Corporation.

  • Custodial Accounts It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • Net Deposits As an administrative convenience, unless the Servicer is required to remit collections within two Business Days of the Posted Date, the Servicer will be permitted to make the deposit of collections net of distributions, if any, to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

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