Examples of Annual Consolidated Turnover in a sentence
Notwithstanding the above, a transaction involving payments made to a Related Party with respect to brand usage or royalty shall be considered material if the transaction(s) to be entered individually or taken together with previous transactions during a financial year, exceed five percent of the Annual Consolidated Turnover of the Company as per the last audited financial statements of the Company.
The transactions with HMEL for Financial Year 2022-23 are estimated to be ` 46,600 Crore (Rupees Forty Six Thousand Six Hundred Crore Only) and this amount is likely to exceed ten percent of the estimated Annual Consolidated Turnover of the Company for the Financial Year 2021-2022.
It may be noted that as per the explanation to Regulation 23 (1) of SEBI Listing Regulations, a transaction with a related party shall be considered material if the transaction(s) to be entered into individually or taken together with previous transactions during a Financial Year, exceeds ten percent of the Annual Consolidated Turnover of the Listed entity as per its last audited Financial Statements.
However, a transaction involving payments made to a Related Party with respect to brand usage or royalty shall be considered material if the transactions to be entered into individually or taken together with previous transactions during a financial year, exceeds two percent of the Annual Consolidated Turnover of the Company as per the last Audited Financial Statements of the Company.
However as per the provisions of Regulation 23 of SEBI Listing Regulations since it has been entered with a related party and the transaction value exceed 10% of the Annual Consolidated Turnover of the company as per the Last Audited Financial Statement of the Company it is considered as “Material”.
These transactions are estimated at Rs. 3,87,00,00,000/- (Rupees Three Hundred and Eighty Seven Crores only) for F.Y. 2017-18 which are of value exceeding 10% of the Annual Consolidated Turnover of the Company as per the Last Audited Financial Statement.
The guidelines to be used by the Company to determine whether an event or information fall within the definition of Other material event is as follows: Any event, information or occurrence which has the effect of affecting 10% or more of the Annual Consolidated Turnover or Consolidated Net Worth of the Company will be considered as Other Material event, Information or Occurrence.
To safeguard the interests of the Company and /or its shareholders, Fortis Healthcare Limited defines the “Material Related Party transaction / transactions” to be entered into individually or taken together with previous transactions during a financial year: as the value of which exceeds 10% of Annual Consolidated Turnover of the Company All the “Material” Related Party Transactions shall be placed before the Shareholders.
Exception: A transaction involving payments made to a related party with respect to brand usage or royalty shall be considered material if the transaction(s) to be entered into individually or taken together with previous transactions during a financial year, exceed five percent of the Annual Consolidated Turnover of the Bank as per the last audited financial statements of the Bank.
Item No. 5 & 6Pursuant to the provisions of Regulation 23 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 a transaction with a Related Party shall be considered Material if the transaction(s) in a contract to be entered into individually or taken together with previous transactions during a Financial Year, exceeds ten percent of the Annual Consolidated Turnover of the Company as per the last audited Financial statements of the Company.