Immediate Relatives definition

Immediate Relatives means the spouse of a person and includes parent, sibling, and child of such person or of the spouse, any of whom is either dependent financially on such person, or consults such person in taking decisions relating to trading in Securities.
Immediate Relatives shall include husband, wife, common law spouse, children, brothers, sisters, cousins, aunts, uncles, parents, grandparents, and the aforesaid relatives by marriage.
Immediate Relatives. , in respect of a person, means the person’s parent, sister, brother, child, and Spouse;

Examples of Immediate Relatives in a sentence

  • The Identified Promoters agree and undertake in favour of the Investor that the Identified Promoters shall not Transfer any Equity Securities in the Company if such Transfer would result in the Identified Promoters, collectively with their Immediate Relatives, Family Trusts and other Affiliates which are 100% owned and controlled by the Identified Promoters, to own Equity Securities {free from Encumbrances) that represent less than 50.1% of the Share Capital of the Company on a fully diluted basis.


More Definitions of Immediate Relatives

Immediate Relatives for this purpose, means spouse (irrespective of the fact that whether she / he is financially dependent or not and whether she / he consult such person in taking decisions relating to trading in Securities of the Company or not) and parents, siblings and child of the person, who are either financially dependent on such person or consult such person in taking decisions relating to trading in Securities of the Company;
Immediate Relatives means spouses, children, parents, grandparents, siblings, and in-laws.
Immediate Relatives with respect to any person, means the spouse of a person, and includes, parents, siblings, and children of such person or of the spouse (whether minors or adults) who are either financially dependent on such person or consult with such person while taking decisions relating to trading in securities.
Immediate Relatives means wife, common law spouse, children, brothers, sisters, cousins, aunts, uncles, parents, grandparents and the aforesaid relatives by marriage.
Immediate Relatives means the biological parents, the parents of the biological parents and siblings of the biological parents.
Immediate Relatives. , in respect of a person, means the person’s mother, father, sister, brother, children or spouse.
Immediate Relatives. , in respect of a person, means the person’s parent, sister, brother, child, Spouse, and includes persons falling within such relationships by customary law including custom adoption;