Examples of Equity Share Capital in a sentence
Notwithstanding anything to the contrary contained in Clauses 5.1(b) and 5.3, Government shall at its sole discretion at any time after the lapse of 6 (six) months from the Closing Date, have the option of selling from its shareholding, Equity Shares representing not more than % ( percent) of the Equity Share Capital of the Company, to the Employees of the Company in the manner as decided by the Board.
The provisions of this Clause 8.7 shall automatically fall away upon the occurrence of Listing or the date on which Clermont ceases to hold more than 26% of the Equity Share Capital, whichever is earlier.
It is clarified that the provisions of this Clause 8.5.1 shall not be applicable to any Person who holds in aggregate, a greater percentage of the Equity Share Capital (on a Fully Diluted Basis) than the Equity Share Capital (on a Fully Diluted Basis) held by Buyer 1 at the relevant time.
Subject to Applicable Law and subject to the consent of Shareholders holding not less than 75% (Seventy Five percent) of the Paid up Equity Share Capital of the Company in a general meeting, the Company shall convert itself into a Public Limited Company, as and when may be required by the Investors and alter its Memorandum and Article of Association as may be required by the Investors solely to effect such conversion.
It is further agreed by the Company and the Promoter that either (i) a single Investor; or (ii) 2 (Two) or more Investors collectively, holding at least 20% (Twenty percent) of the Paid up Equity Share Capital of the Company shall be entitled to require an audit whether financial, cost, secretarial, environmental, social or otherwise, to be undertaken of the Company.