Examples of Permissible Jurisdiction in a sentence
Listed Company shall be permitted to issue Permissible Securities or transfer Permissible Securities of existing holders, for the purpose of issue of DRs, only in Permissible Jurisdictions and said DRs shall be listed on any of the specified International Exchange(s) of the Permissible Jurisdiction.
Unless we are able to hire, retain and motivate highly qualified employees, we will be unable to execute our business strategy.
Explanation 3: For the purpose of this Circular ‘Foreign Depository’ means a person which:(a) is not prohibited from acquiring permissible securities;(b) is regulated in any of the Permissible Jurisdiction as defined in this Circular; and(c) has legal capacity to issue DRs in the Permissible Jurisdiction where issue of DRs is proposed.
Listing of equity shares of unlisted companies incorporated in India on foreign stock exchanges would be governed by the listing framework of the concerned Permissible Jurisdiction.
A Permissible Jurisdiction includes a jurisdiction which has treaty obligations to share information and cooperate with Indian authorities in the event of any investigation.