Legal Reserves definition

Legal Reserves means the legal reserve allocated in accordance with Applicable Law, if any.
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Legal Reserves means the designated reserve allocated from profits of the Company in accordance with the Applicable Law.
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Legal Reserves. – shall mean the reserves formed on the basis of shareholder premium (difference between the nominal value and the price of the shares), repurchase of capital (exchanging ordinary shares for priority shares), profit and other sources, the value of which may not be less than 25% of the subscribed capital and the distribution of which is prohibited to the public enterprise the Law on Business Companies (Official Gazette of the Federation of BiH 23/99, 45/00, 2/02, 6/02, 29/03, 68/05 and 91/07);
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Examples of Legal Reserves in a sentence

  • Legal Reserves “Share Premiums” in the legal reserve status and legal reserves allocated for specific purposes (participation sales revenue allocated to obtain tax advantage) other than profit distribution allocated within the framework of the related Clause of Turkish Commercial Code are reflected as their recorded amounts.

  • Capital Reserves and Retained Earnings Subsequent to the first inflation adjusted financial statements, equity items such as; “Capital, Emission Premiums, General Statutory Legal Reserves, Statutory Reserves, Special Reserves and Extraordinary Reserves” are carried at carrying value in the statement of financial position and their adjusted values based on inflation are collectively presented in equity accounts group.

  • Legal Reserves —In the normal course of business, the Company has been named, from time to time, as a defendant in legal and regulatory proceedings.

  • By financing these technologies and taking action to restore Legal Reserves and Areas of Permanent Preservation, the ABC Plan, leveraged by Project 1.2, promotes not only a substantial improvement in the sustainability of land use, but also encourages farmers to fulfill their commitments to the environmental authorities.

  • Other objectives include establishing a critical mass necessary for leveraging adoption of the required technologies, as well as to foster the creation of facilities for producing seedlings (both native and exotic), with a view to implementing agro forestry systems useful for restoring Areas of Permanent Preservation and Legal Reserves.

  • The Program implementation is shared by federal, state and municipal governments and offers an opportunity for landowners and squatters to regularize the legal status of their properties in the event of having deforested land over and above the size of areas permitted by Law (Legal Reserves, RL), or of failing to maintain Areas of Permanent Preservation (APPs).

  • Japan Radiation Protection Revision of the Nuclear Disaster Prevention Guidelines (2000) On the basis of the lessons learned from the criticality accident which occurred at the Tokai-mura nuclear fuel fabrication plant in 1999 and the Special Law on Emergency Preparedness for Nuclear Disaster (see Nuclear Law Bulletin No. 65), the Guidelines describing the technical aspects of nuclear disaster prevention measures were revised in May 2000.

  • Moreover, the private sector will provide business development and technical assistance services, supply inputs for agricultural and forestry production, and provide services for financing the adoption of sustainable technologies and the recovery of Areas of Permanent Preservation (APPs) and Legal Reserves (RLs).

  • According to the policy, at least 10% of the net profit is planning to be distributed. At the Ordinary General Assembly Meeting held in 26 April 2019; in accordance with Article 519/(1) of the Turkish Commercial Code, TL 91.456.032,50 to be allocated as General Legal Reserves from the remaining distributable profit obtained after subtracting taxes and statutory obligation from Company’s operating profit in 2018.

  • Merger, acquisition or the dissolution of the Company Dividend and Legal Reserves No. 48 No dividend payment can be made unless receiving shareholder approval or a resolution by the Board of Directors for an interim dividend payment.Notice of dividend payment must be made in writing and sent to shareholders.


More Definitions of Legal Reserves

Legal Reserves means reserves set aside from net profits according to the Civil and Commercial Code and the Public Limited Company Act.
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Related to Legal Reserves

  • Legal Reservations means the application of relevant Debtor Relief Laws, general principles of equity and/or principles of good faith and fair dealing.

  • Mineral Reserve means the economically mineable part of a measured or indicated mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified. A mineral reserve includes diluting materials and allowances for losses that may occur when the material is mined.

  • Federal Reserve means the Board of Governors of the Federal Reserve System.

  • Federal Reserve Board means the Board of Governors of the Federal Reserve System of the United States of America.

  • Board of Governors means the Board of Governors of the Federal Reserve System of the United States of America.

  • Proven Mineral Reserve means the economically mineable part of a Measured Mineral Resource. A Proven Mineral Reserve implies a high degree of confidence in the Modifying Factors.

  • Probable Mineral Reserve means the economically mineable part of an indicated and, in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified;

  • Board of Visitors means the Rector and Visitors of Virginia Commonwealth University.

  • Building Regulations means the National Building Regulations made in terms of the National Building Regulations and Building Standards Act, 1977 (Act No. 103 of 1977);

  • Board of Commissioners means a county board of commissioners.

  • FDIC The Federal Deposit Insurance Corporation, or any successor thereto.

  • Working Capital Reserve shall have the meaning set forth in the Partnership Agreement.

  • Regulated Entity means any entity referred to in Section I of Article L.613-34 of the French Code monétaire et financier as modified by the 20 August 2015 Decree Law, which includes certain credit institutions, investment firms, and certain of their parent or holding companies established in France.

  • Regulated Entities means to include the following:

  • Guidelines means the Instructions to Authors available on the Xxxxxxx Science website, as well as the Aims & Scope applicable to the relevant Xxxxxxx Science publication). Xxxxxxx Science’s nominated service provider, Xxxxxxx Science, offers English language support services which Assignor may elect to utilise in respect of the Work by completing the applicable box in Schedule 1: Details of the Work. The provision of such services by Xxxxxxx Science shall be subject to Xxxxxxx 2 [v.122016] Science’s prevailing terms and rates relating to such type of optional support.

  • OTS The Office of Thrift Supervision.

  • Implementing Regulation means the Regulation (EEC) No 574/72 of the Council laying down the procedure for implementing Regulation (EEC) No. 1408/71 on the application of social security schemes to employed persons, to self-employed persons and to members of their families moving within the Community, including its application to the European Economic Area, and includes amendments and adaptations from time to time applicable thereto;

  • Governors means the governors appointed or elected to the Governing Body of the School, from time to time.

  • Initial Reserve Report means the report prepared by or under the supervision of the chief engineer of the Borrower with respect to certain Oil and Gas Properties of the Borrower and its Restricted Subsidiaries as of December 31, 2018.