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QCB Law definition

QCB Law means the Law of the Qatar Central Bank and the Regulation of Financial Institutions (Law No. 13 of 2012);
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Examples of QCB Law in a sentence

  • In accordance with QCB Law No. 13 of 2012 as amended, 10% of net profit attributable to the owners of the Bank for the year is required to be transferred to the reserve until the legal reserve equals 100% of the paid up share capital.

  • In accordance with QCB Law No. 13 of 2012 as amended and the Memorandum and Articles of Association of the Bank, 20% of net profit attributable to the owners (equity holders) of the Group for the year is required to be transferred to the reserve until the legal reserve equals 100% of the paid up share capital.

  • Financial institutions licensed by the QCB must apply the QCB Law, the AML/CFT Law and these Instructions, as are appropriate and applicable to them.2. In case of any breach to theses Instructions, QCB will apply the sanctions stipulated in Article 44 of the AML Law no.

  • Further, under Article 174 of the QCB Law a merged financial institution is exempted from all the fees of registration, documentation and notarisation with the various competent authorities.

  • The QCB Law deals with interim administration and liquidation of the financial institutions licensed by the QCB.

  • According to QCB Law No. 13 of 2012, 10% of the profit for the year is required to be transferred to the legal reserve until the reserve equals 100% of paid up capital.

  • In accordance with QCB Law No. 13 of 2012, 10% of net profit attributable to the owners of the Bank for the year is required to be transferred to the reserve until the legal reserve equals 100% of the paid up share capital at a minimum.

  • License to practice activities of exchange houses mentioned in the QCB’s law shall be given according to article (1) and article (53, clause 2).3- ***Applicant for the license shall have a sufficient capital and an acceptable financial status according to the instructions of QCB.4- Pursuant to article 52 of QCB Law No.33 (2006), No person shall use the term or logo of an exchange house in the documents, correspondences, advertisements or any other means before obtaining the license from QCB.

  • In accordance with QCB Law No. 33 of 2006 as amended and the Memorandum and Articles of Association of the Bank, 20% of net profit attributable to the owners of the Bank for the year is required to be transferred to the reserve until the legal reserve equals 100% of the paid up share capital.

  • Existing rules will be strengthened by protecting customer information in line with the requirements of the new QCB Law and specifying the circumstances under which confidential information can be disclosed.

Related to QCB Law

  • bye-law means a bye-law framed by the corporation under this Act;

  • Applicable Laws/ Rules means the laws/ Rules of Islamic Republic of Pakistan/Punjab, as they may be issued and enforced from time to time.

  • Cookie Law means the relevant parts of the Privacy and Electronic

  • Corporations Law means the Corporations Law of the Commonwealth of Australia as applying in each State and Territory of Australia;

  • Anti-Corruption Law means, as to any person, the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act of 2010 and any other similar anti-corruption laws of the European Union.

  • Export Law means all constitutions, laws, statutes, codes, ordinances, orders, judgments, decrees, injunctions, rules, regulations, permits restrictive measures, trade sanctions, embargos and other legally binding requirements of all federal, country, international, state and local governmental authorities relating to export, re-export or import.

  • PPS Law means the PPSA and any amendment made at any time to the Corporations Act 2001 (Cth) or any other legislation as a consequence of the PPSA.

  • Organic law means the statute governing the internal affairs of a domestic or foreign corporation or

  • Federal law means the Statute of Canada entitled “The Cannabis Act” and any other Canadian federal legislation regulating cannabis.

  • Companies Law means the Companies Law (2018 Revision) of the Cayman Islands, as amended from time to time.

  • Anticorruption Laws means the U.S. Foreign Corrupt Practices Act of 1977, or any other anticorruption or anti-bribery Applicable Law applicable to the Company or any of the Company Subsidiaries.

  • POPI Act means the Protection of Personal Information Act, No.4 of 2013;

  • Regulatory Law means the Xxxxxxx Act, as amended, the Xxxxxxx Act, as amended, the HSR Act, the Federal Trade Commission Act, as amended, and all other federal, state and foreign, if any, statutes, rules, regulations, orders, decrees, administrative and judicial doctrines and other laws that are designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolization or restraint of trade or lessening of competition through merger or acquisition.

  • PPB Rules means the rules of the Procurement Policy Board as set forth in Title 9 of the Rules of the City of New York (“RCNY”), § 1-01 et seq.

  • GBCC means the Georgia Business Corporation Code.

  • This law or "the law" means the Juvenile and Domestic Relations District Court Law embraced in

  • Bye-laws means the bye-laws of the Company, as amended from time to time.

  • Takeover Laws means any “moratorium,” “control share acquisition,” “fair price,” “supermajority,” “affiliate transactions,” or “business combination statute or regulation” or other similar state anti-takeover laws and regulations.

  • Legal Requirement means any treaty, convention, statute, law, regulation, ordinance, license, permit, governmental approval, injunction, judgment, order, consent decree or other requirement of any governmental authority, whether federal, state, or local.

  • Law" or "Laws means any federal, state or local government law, rules or regulations applicable to the Project.

  • Anti-Bribery Law means any Applicable Law that relates to bribery or corruption, including the US Foreign Corrupt Practices Act of 1977 and the UK Xxxxxxx Xxx 0000, in each case as amended, re-enacted or replaced from time to time;

  • Law means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement or rule of law of any Governmental Authority.

  • SEBI Act or “Act” means the Securities and Exchange Board of India Act, 1992;

  • Corrupt Act means any offence in respect of corruption or corrupt activities contemplated in the Prevention and Combating of Corrupt Activities Act No. 12 of 2004;

  • Criminal drug statute means a Federal or non-Federal criminal statute involving the manufacture, distribution, dispensing, possession or use of any controlled substance.

  • TBCA means the Texas Business Corporation Act.

Most Referenced Clauses

Most Referenced Definitions