Omnibus Approval definition

Omnibus Approval means a consolidated/standing approval given by the Committee in respect of transaction(s) which are repetitive in nature.
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Omnibus Approval means a blanket pre activity approval by the Audit Committee subject to compliance of the conditions as laid in this Policy.
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Omnibus Approval means Omnibus Approval as stated in Clause 5 of this Policy made in line with Rule 6A of the Companies (Meeting of Board and its Powers) Rules, 2014 and Regulation 23 of SEBI( Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and applicable from time to time.
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Examples of Omnibus Approval in a sentence

  • The Audit Committee may grant Omnibus Approval for RPTs proposed to be entered into by the Company subject to the following conditions: i.

  • Omnibus Approval was obtained on a quarterly basis for transactions which are of repetitive nature.The policy on related party transactions as approved by the Board of directors has been uploaded on the website of the company at the web link:http://www.simranfarms.com/pdf/policy/related_party_transaction_policy.pdf.

  • RPT by the Company with related parties shall require prior approval of the Audit Committee unless it is covered under Omnibus Approval granted by the Audit Committee as below.

  • The Audit Committee may, owing to the repetitive nature of transactions to be entered into or when the need for RPT’s cannot be foreseen in advance, grant Omnibus Approval for such RPTs in accordance with the Cl. 49 of the Listing Agreement.

  • Any link to this Site must be approved in advance and in writing by Embark Financial, LLC.

  • In the case of frequent / regular / repetitive transactions which are in the normal course of business of the Company, the Committee may grant Omnibus Approval.

  • An Omnibus Approval was taken for 1 Year from Audit Committee and Board at their Meeting held on 24/05/2017.

  • An Omnibus Approval was taken for 1 Year from Audit Committee and Board at their Meeting held on 29.05.2015.

  • However, Audit Committee may grant Omnibus Approval for transactions subject to compliance of para 8 of this Policy.

  • In compliance with applicable provisions of the Act and Listing Regulations, for the RPTs which are foreseen and repetitive in nature, Omnibus Approval of the Audit Committee is obtained at the beginning of the financial year, as per the RPT policy of the Company.


More Definitions of Omnibus Approval

Omnibus Approval means a blanket pre activity approval by the Audit Committee subject to compliance of the conditions as laid in this Policy. Access from http://www.forbes.co.in/ Files/ 20141103110759 ForbesRelated PartyPolicy.pdf
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Omnibus Approval means a consolidated/standing approval given by the Committee in respect of transaction(s) which are repetitive in nature. Ordinary Course of Business” may include the usual transactions, customs and practices of the company, or transactions permitted by the Object Clause in the Memorandum of Association of the Company.
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Omnibus Approval means Omnibus Approval as stated in clause 5 of this Policy made in line with Rule 6A of Meeting of Board Rules and Regulation 23 of SEBI Listing Regulations.
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Related to Omnibus Approval

  • Development approval means a document from a governmental entity which authorizes the commencement of a development.

  • Application Approval Date means the date that the Application is approved by the Board of Trustees of the District and as further identified in Section 2.3.B of this Agreement.

  • Final Approval means the Court’s order granting final approval of the Settlement.