Examples of Applicant Company in a sentence
Applicant Company, Contact Name and Title: Provide the full, legal company name of the applicant or responsible party.
In some states, the minimum capital and surplus requirements are determined by the classes of insurance that the Applicant Company is requesting authority to transact and the classes of insurance the Applicant Company is authorized to transact in all other jurisdictions.
Bylaws - Item 4 of the application The Applicant Company should have previously filed the most current version of their bylaws.
Applicant Company to have minimum credit rating (long term/issuer rating) equivalent to “BBB” as on the date of the application by any of the credit rating agencies approved by Securities and Exchange Board of India (SEBI).
The Applicant Company is required to submit the following information for review.
The proforma should start with the first full year of operation that the Applicant Company anticipates actively writing business in the state(s) receiving the application.
The scheduling of the audit and the person(s) to perform the audit shall be made with the agreement of the Applicant Company.
Prior to submission, the Application Documents must be approved by the Board of Directors (or equivalent body) of the Applicant Company and proof of such approval in certified form should be submitted to the Independent Body with the Application Documents.
The Applicant Company shall execute and submit an undertaking, holding itself jointly and severally liable for all the acts of its transfer agent in relation to the issue.
Promoters and directors of the Applicant Company should not be willful defaulters to the banking system or their loans from banks and financial institutions classified as non-performing assets by such institutions as on the date of the application.