Permanent Shares definition

Permanent Shares means shares issued at no par value, paid up in cash and invented as risk capital, which form a permanent part of the capital of the Credit Union, and shall be operated in accordance with Rule 14.

Permanent Shares means shares issued with par value, paid up in cash and invested as risk capital, which form a permanent part of the capital of the Credit Union.

Permanent Shares means shares issued at no par value, paid up in cash and invested as risk capital, which form a permanent part of the capital of the Society, and are issued with such rights and restrictions as outlined in Article III, Rule 16.

Examples of Permanent Shares in a sentence

• The Permanent Shares were issued solely to comply with Cayman Islands Law.

• Only the Fund’s Permanent Shares meet these conditions and are classified as equity on the consolidated statement of financial position.

• The results of the period analysis are summarized in Table 5.The resulting frequencies (f 1, f 2) are in a very good agreement with those by Rodr´ıguez et al.

• All new applicants for membership and existing members of the Society are required to subscribe to a minimum of$2,500 in value of Permanent Shares.

• The resolution to establish the Share Transfer Fund was passed at the 65th Annual General Meeting held April 28, 2010.There was no purchase of Permanent Shares during the year.

• Save as disclosed above, as at the Latest Practicable Date, Mr. Mars Ho did not (i) hold any directorships in other listed company in Hong Kong or overseas in the last three years; (ii) have any other major appointments and professional qualifications; (iii) hold any other position with the Company or other members of the Group; and (iv) have any relationship with any other Directors, senior management, substantial or controlling shareholder (as respectively defined in the Listing Rules) of the Company.

• All proposed prices must be guaranteed to be firm throughout the first year of the contract.

• Only the Fund’s Permanent Shares meet these conditions and are classified as equity on the statement of financial position.

• Members also enquired whether a procedure was in place for the Association to “buy back” Permanent Shares from its members.

• Members would have two classes of shares designated as Permanent Shares and Voluntary Shares.

More Definitions of Permanent Shares

Permanent Shares means fully paid Ordinary Shares in the capital of the Society

Permanent Shares means shares issued at no par value, paid up in cash

Permanent Shares means shares issued at no par value, paid up in cash and invested as risk capital, which form a permanent part of the capital of the Credit Union, and are issued with such rights and restrictions as outlined in Rule 14 and 15.

Permanent Shares means shares issued at no par value, paid up in cash and invested as risk capital, which form a permanent part of the capital of the Society, and are issued with such rights and restrictions as outlined in the Rules. Dividend and/or interest may be paid thereon.

Permanent Shares means shares issued at no par value, paid up in cash and invested as risk capital, which form a permanent part of the capital of the Society, and are issued with such rights and restrictions as outlines in the Rules. Rules to give directions in regard to the business of a Registered Society in accordance with Section 2 of the Act.

Permanent Shares means units of ownership interest in a co-operative society which entitles a member to a share of the surplus funds in proportion to the percentage of ownership in the co-operative society and are redeemable only on withdrawal or termination of membership from the society as approved by a board or on the death of the member;