Examples of PRC Group Company in a sentence
The total registered capital of each PRC Group Company has been fully paid in accordance with the relevant PRC Laws.
Except as described in the General Disclosure Package and the Prospectus, no PRC Group Company has any reason to believe that any regulatory body is considering modifying, suspending or revoking any such licenses, consents, authorizations, approvals, orders, certificates or permits, and each of the PRC Group Companies is in compliance with the provisions of all such licenses, consents, authorizations, approvals, orders, certificates or permits in all material respects.
Each PRC Group Company has a valid business license issued by the SAIC.
In rendering such opinion, we may rely, (as to matters of fact but not as to legal conclusions), to the extent we deem proper, on certificates and confirmations of responsible officers of the Company or any PRC Group Company and public officials.
As of the date hereof, no PRC Group Company has received any written notice with respect to the suspension, revocation or cancellation of any such Tax exemptions, preferential treatments or rebates, nor, to the knowledge of the Company, is any such action threatened.
To the best of our knowledge after due and reasonable inquiries, no PRC Group Company is in breach of the terms and conditions of any Approvals and there are no circumstances existing which might lead to suspension, revocation or withdrawal of any such Approvals or any conditions attached thereto being adversely altered.
All matters of PRC law and practice relating to the Company, each PRC Group Company and their respective businesses and other statements with respect to or involving PRC law set forth in the General Disclosure Package and the Prospectus are correctly set forth therein, and nothing has been omitted from such statements which would make the same misleading in any material respect.
Each of the Control Agreements described in Section 1 of Annex C hereto is legal, valid, enforceable and admissible as evidence under the laws, regulations and public policy of the PRC and is binding on the relevant PRC Group Company or PRC Individual that are parties to it.
Each submission made by or on behalf of any PRC Group Company to any Governmental Authority in connection with obtaining Tax exemptions, Tax holidays, Tax deferrals, Tax incentives or other preferential Tax treatments or Tax rebates was accurate and complete in all material respects.
The Articles of Association, business license and other constituent documents of each PRC Group Company comply with the requirements of applicable PRC law and are in full force and effect.