Chartered Accountant Certificate definition
Chartered Accountant Certificate means a certificate issued by a reputed chartered accountant, holding a valid peer review certificate, appointed by the Company on behalf of the Selling Shareholders certifying (i) the amount of the Securities Transaction Tax to be deposited and Other Taxes required to be withheld on the sale proceeds of the Offered Shares, and (ii) balance funds retained in the Public Offer Account after deduction of Offer Expenses, Securities Transaction Tax and Other Taxes, if any, and transfer of Offer Proceeds to the Selling Shareholders, as applicable;
Chartered Accountant Certificate means a certificate issued by a reputed chartered accountant, holding a valid peer review certificate, appointed by the Company on behalf of the Selling Shareholders, whose engagement is acceptable to the Selling Shareholders, certifying (i) the amount of the Securities Transaction Tax to be deposited and Other Taxes required to be withheld on the sale proceeds of the Offered Shares, and (ii) balance funds retained in the Public Offer Account after deduction of Offer Expenses proportionate to the Selling Shareholders, Securities Transaction Tax and Other Taxes, if any, and transfer of Offer proceeds to the Selling Shareholders, as applicable;
Chartered Accountant Certificate means a certificate issued by a reputed chartered accountant, holding a valid peer review certificate, appointed by the Company on behalf of the Selling Shareholders certifying (i) the amount of the Securities Transaction Tax to be deposited and Other Taxes required to be withheld on the sale proceeds of the Offered Shares, and (ii) balance funds retained in the Public Offer Account after deduction of Offer Expenses, Securities Transaction Tax, Withholding Amount and Other Taxes, if any, and transfer of Offer Proceeds to the Selling Shareholders, as applicable;
Examples of Chartered Accountant Certificate in a sentence
In support of contractual payment received, the tenderer shall submit Chartered Accountant Certificate as per Annexure-E.
The tenderers shall submit requisite information as per Annexure-VIB, along with copies of Audited Balance Sheets duly certified by the Chartered Accountant/ Certificate from Chartered Accountant duly supported by Audited Balance Sheet.
Further, it is hereby clarified that, the Public Offer Account Bank shall transfer all the proceeds due to each of the Selling Shareholders and the Company, as applicable from the Public Offer Account to such Selling Shareholder’s respective bank accounts only on receipt of final listing and trading approvals from the Stock Exchanges and such proceeds shall be net of the Offer Expenses and the STT and/or withholding taxes, as applicable, calculated based on the Chartered Accountant Certificate.
Further, it is hereby clarified that, the Public Offer Account Bank shall transfer the proceeds due to the Selling Shareholder, from the Public Offer Account to the Selling Shareholder’s bank account only on receipt of final listing and trading approvals from the Stock Exchanges and such proceeds shall be net of the Offer Expenses and the STT and/or withholding taxes, as applicable, calculated based on the Chartered Accountant Certificate.
Such STT shall be deducted based on Chartered Accountant Certificate, and provided to the Book Running Lead Managers and the Book Running Lead Managers shall have no liability towards determination of the quantum of STT to be paid.
More Definitions of Chartered Accountant Certificate
Chartered Accountant Certificate means a certificate issued by a reputed accounting firm, or such other accounting firm/chartered accountant holding a valid peer review certificate appointed by the Company on behalf of the Promoter Selling Shareholder, certifying the amount of the Securities Transaction Tax to be deposited and/or Withholding Amount (if applicable) to be withheld on the sale proceeds of the Offered Shares, as applicable, and balance amount left in the Public Offer Account after
Chartered Accountant Certificate means a certificate issued by a reputed accounting firm, or such other accounting firm/chartered accountant holding a valid peer review certificate, appointed by the Company on behalf of each of the Selling Shareholders, certifying the amount of the Securities Transaction Tax, the TDS amount, if any, to be deposited and/or the Withholding Amount (if applicable) under the Income Tax Act, 1961 to be withheld from the sale proceeds of the Offered Shares, balance funds left in the Public Offer Account after deduction of Offer Expenses and transfer of Offer proceeds to the Selling Shareholders, as applicable, issued in the format given in Schedule VI of this Agreement;
Chartered Accountant Certificate means a certificate issued by a reputed accounting firm, or such other accounting firm/chartered accountant holding a valid peer review certificate appointed by the Company on behalf of the Promoter Selling Shareholder and which is acceptable to the Promoter Selling Shareholder, certifying the amount of the STT to be deposited and/or Other Taxes that are required to be retained or deposited with the Indian tax authorities by way of advance taxes, as applicable, and non- applicability of withholding taxes, after taking into consideration (if applicable) to be withheld or deposited with the Indian tax authorities by way of advance taxes, as applicable, after taking into consideration on the sale proceeds of the Offered Shares, as applicable, and balance amount left in the Public Offer Account after deduction of the Offer Expenses, STT and Other Taxes (if applicable) and transfer of Offer proceeds to the Promoter Selling Shareholder, as applicable, issued in the format given in Schedule VI of this Agreement;
Chartered Accountant Certificate means a certificate issued by a reputed accounting firm or such other accounting firm/chartered accountant appointed by the Company on behalf of the Selling Shareholders, whose engagement shall be agreed with the Selling Shareholders in writing, certifying the amount of the Securities Transaction Tax to be paid by each Selling Shareholder and/or Withholding Amount (if applicable) to be withheld on the sale proceeds of the Offered Shares, as applicable, and balance amount left in the Public Offer Account after payment of the Offer Expenses and transfer of Offer proceeds to the Selling Shareholders, issued in the format given in Schedule VI of this Agreement.
Chartered Accountant Certificate means a certificate issued by a reputed chartered accountant, holding a valid peer review certificate, appointed by the Company on behalf of the Selling Shareholders whose engagement shall be agreed with the Selling Shareholders, certifying (i) the amount of the STT to be deposited and other taxes required to be withheld on the sale proceeds of the Offered Shares, in each case, as per Applicable Laws, and (ii) balance funds retained in the Public Offer Account after deduction of Offer Expenses proportionate to the Selling Shareholders, STT and other taxes, if any, and transfer of sale proceeds to the Selling Shareholders, as applicable, in the format set out in Schedule VI hereto;
Chartered Accountant Certificate means a certificate issued by a reputed accounting firm, or such other accounting firm/chartered accountant holding a valid peer review certificate appointed by the Company on behalf of the Promoter Selling Shareholder, certifying the amount of the STT to be deposited on the sale proceeds of the Offered Shares, as applicable, and balance amount left in the Public Offer Account after deduction of the Offer Expenses and STT and transfer of Offer proceeds to the Promoter Selling Shareholder, as applicable, issued in the format given in Schedule VI of this Agreement;
Chartered Accountant Certificate means a certificate issued by a reputed accounting firm, or such other accounting firm/chartered accountant holding a valid peer review certificate appointed by the Company on behalf the Selling Shareholder, certifying the amount of the Securities Transaction Tax to be deposited and/or Withholding Amount (if applicable) to be withheld on the sale proceeds of the Offered Shares, as applicable, and balance amount left in the Public Offer Account after deduction of the Offer Expenses and transfer of Offer proceeds to the Selling Shareholder, issued in the format given in Schedule VI of this Agreement;