Examples of Listed Shell Company in a sentence
Surviving Company”, shall mean the Listed Company survived pursuant to scheme of arrangement of an Operating Unlisted Company with a Listed Shell Company approved by the relevant competent authority.5.1.2. Words and expressions used but not defined in these Regulations shall have the same meaning as are assigned to them in the Public Offering Regulations and in case of any inconsistency between the Public Offering Regulations and PSX Regulations, Public Offering Regulations shall prevail.
In case the Exchange confirms that the proposed transaction is a Reverse Merger, the Listed Shell Company shall ensure compliance with all applicable requirements as provided for herein below.
Notes:(i) All material, price sensitive information by the Listed Shell Company shall also have to be uploaded on PUCARS.(ii) Scanned copies of all the documents shall be certified by the Company Secretary/CEO.(iii) Such scanned documents relating to regulatory authority as specified by the Exchange shall also be certified from the concerned Company Registration Office or concerned Regulatory Authority.
Notes:(i) All material, price sensitive information by the Listed Shell Company shall also have to be uploaded on PUCARS.
Notes:i) All material, price sensitive information by the Listed Shell Company shall also have to be uploaded on PUCARS.ii) Scanned copies of all the documents shall be certified by the Company Secretary/CEO.iii) Such scanned documents relating to regulatory authority as specified by the Exchange shall also be certified from the concerned Company Registration Office or concerned Regulatory Authority.
If a Listed Shell Company enters into a scheme of Reverse Merger without complying with any requirement(s) of this Clause and any other specified condition, the Exchange shall place such Company or the Surviving Company, as the case may be, in the Defaulters’ Segment and/or initiate any other actions including suspension of trading in its shares or delisting as determined by the Exchange.
Every Listed Company, in order to enable the Exchange to determine its status as Listed Shell Company and assess applicability of the provisions prescribed in relation to Reverse Merger, shall intimate the Exchange immediately upon approval by its board of directors to consider the proposal received from Operating Unlisted Company for merger.
The Listed Shell Company shall obtain confirmation from the Exchange that it has complied with the requirements of this Clause and any other condition specified by the Exchange before seeking the shareholders' approval for a scheme of Reverse Merger.
Surviving Company”, shall mean the Listed Company survived pursuant to scheme of arrangement of an Operating Unlisted Company w ith a Listed Shell Company approved by the relevant competent authority.5.1.2. Words and expressions used but not defined in these Regulations shall have the same meaning as are assigned to them in the Public Offering Regulations and in case of any inconsistency betw een the Public Offering Regulations and PSX Regulations, Public Offering Regulations shall prevail.