Subsidiary Companies Sample Clauses
Subsidiary Companies i. At least one independent director on the Board of Directors of the holding company shall be a director on the Board of Directors of a material non listed Indian subsidiary company.
ii. The Audit Committee of the listed holding company shall also review the financial statements, in particular, the investments made by the unlisted subsidiary company.
iii. The minutes of the Board meetings of the unlisted subsidiary company shall be placed at the Board meeting of the listed holding company. The management should periodically bring to the attention of the Board of Directors of the listed holding company, a statement of all significant transactions and arrangements entered into by the unlisted subsidiary company.
Subsidiary Companies. A. At least one independent director on the Board of Directors of the holding company shall be a director on the Board of Directors of a material non-listed Indian subsidiary company.
B. The Audit Committee of the listed holding company shall also review the financial statements, in particular, the investments made by the unlisted subsidiary company.
C. The minutes of the Board meetings of the unlisted subsidiary company shall be placed at the Board meeting of the listed holding company. The management should periodically bring to the attention of the Board of Directors of the listed holding company, a statement of all significant transactions and arrangements entered into by the unlisted subsidiary company.
D. The company shall formulate a policy for determining ‘material’ subsidiaries and such policy shall be disclosed on the company's website and a web link thereto shall be provided in the Annual Report.
E. For the purpose of this clause, a subsidiary shall be considered as material if the investment of the company in the subsidiary exceeds twenty per cent of its consolidated net worth as per the audited balance sheet of the previous financial year or if the subsidiary has generated twenty per cent of the consolidated income of the company during the previous financial year.
F. No company shall dispose of shares in its material subsidiary which would reduce its shareholding (either on its own or together with other subsidiaries) to less than 50% or cease the exercise of control over the subsidiary without passing a special resolution in its General Meeting except in cases where such divestment is made under a scheme of arrangement duly approved by a Court/Tribunal.
G. Selling, disposing and leasing of assets amounting to more than twenty percent of the assets of the material subsidiary on an aggregate basis during a financial year shall require prior approval of shareholders by way of special resolution, unless the sale/disposal/lease is made under a scheme of arrangement duly approved by a Court/Tribunal.
Subsidiary Companies. The right to use the premises and facilities leased to Lessee under Article I hereof, or which it may subsequently be entitled to use in accordance with the exercise of options pursuant to this Agreement, in the manner specified in such Article and any other Articles of this Agreement, shall be extended to all of Lessee's subsidiary companies at no additional cost.
Subsidiary Companies. Any Subsidiary (in addition to those Subsidiaries which are parties to this Deed) may with the agreement of the Committee become a party to this Deed and the Plan by executing a deed of adherence agreeing to be bound by the Deed and Rules. A Participating Company that ceases to be a Subsidiary shall cease to be a Participating Company.
Subsidiary Companies. 12.1 Where the Member is a company the Member may choose to enter into this Agreement on behalf of one or more of its Subsidiaries provided that:
12.1.1 such Subsidiaries are incorporated in the United Kingdom
12.1.2 such Subsidiaries at all times make the same exclusions from MCPS’s control (if any) under Clauses 3 and 4
12.2 The names of such Subsidiaries now in existence must be set out in the Membership Registration Form. The names of any other such Subsidiaries may be notified by the Member at any time hereafter in which event this Agreement shall apply to any such Subsidiary with effect from the date of notification unless the Member specifies a later date. The Member warrants that the Member is entitled to enter into this agreement on behalf of the companies which the Member notifies MCPS as being its Subsidiaries
12.3 The Member may by notice to MCPS require either that separate accountings and/or payments be made to the Member and its Subsidiaries or that accountings and/or payments cover the Member and all its Subsidiaries
Subsidiary Companies. Name of Subsidiary Jurisdiction ---------------------------------------------------------------------------------------------- A-1 Mechanical of Lansing, Inc. Michigan ---------------------------------------------------------------------------------------------- AA Advance Air, Inc. Florida ---------------------------------------------------------------------------------------------- A-ABC Appliance, Inc. Texas ---------------------------------------------------------------------------------------------- A-ABC Services, Inc. Delaware ---------------------------------------------------------------------------------------------- XX Xxxx, Inc. Delaware ---------------------------------------------------------------------------------------------- Air Conditioning, Plumbing & Heating Service Co., Inc. Colorado ---------------------------------------------------------------------------------------------- Aircon Energy Incorporated California ---------------------------------------------------------------------------------------------- Air Systems, Inc. California ---------------------------------------------------------------------------------------------- Airtron, Inc. Delaware ---------------------------------------------------------------------------------------------- Airtron of Central Florida, Inc. Florida ---------------------------------------------------------------------------------------------- American Air Company, Inc. California ---------------------------------------------------------------------------------------------- AMS Arkansas, Inc. Arkansas ---------------------------------------------------------------------------------------------- B&R Electrical Services, Inc. Maryland ---------------------------------------------------------------------------------------------- Building One Commercial, Inc. Missouri ---------------------------------------------------------------------------------------------- Building One Service Solutions, Inc. Virginia ---------------------------------------------------------------------------------------------- BUYR, Inc. Delaware ---------------------------------------------------------------------------------------------- Xxxxxxxx Xxxxx Products & Publications, Inc. Colorado ---------------------------------------------------------------------------------------------- Cardinal Contracting Corporation Indiana ---------------------------------------------------------------------------------------------- Central Caro...
Subsidiary Companies. The Partners agree that a Partner or a wholly owned subsidiary of any Partner may designate an employee to be a Director of the Partnership or to be nominated to a Committee.
Subsidiary Companies. This Clause enables members to enter into one agreement covering the Member’s subsidiaries without the necessity of separate signatures. It should be noted that the agreement applies to all the Member’s musical works, whether or not the Member owns and controls such works, or simply sub-publishes them under an administration agreement.
Subsidiary Companies. Any Subsidiary in addition to those Subsidiaries which are already parties to this Deed may with the agreement of the Company become a party to this Deed and the Plan by executing a deed of adherence agreeing to be bound by this Deed and the Rules. Any company which ceases to be a Subsidiary shall cease to be a Participating Company.
Subsidiary Companies. The Company has incorporated the Subsidiaries in England and Wales in accordance with the provisions of relevant legislation. There are no other companies or undertakings in which the Company has an interest and no contracts or arrangements in existence or under consideration for the Company to acquire an interest in any other companies or undertakings. The Subsidiaries are duly authorized to carry on the Business. The nature of the Business does not require the Subsidiaries to register or be qualified to carry on business in any other jurisdiction.