Examples of recognised stock exchange in a sentence
For so long as any class of Shares is listed on the Recognised Exchange, the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee shall be made up of such number of Independent Directors as is required from time to time by the rules and regulations of the Recognised Stock Exchange, the Securities and Exchange Commission and/or any other competent regulatory authority or otherwise under Applicable Law.
The Loans shall be repaid in full on the sooner to occur of (i) an IPO or Third Party Sale (each as defined in the Agreement), (ii) that date falling 5 years after the date of Completion, and (iii) any or all of the equity share capital of the Borrower or its parent undertaking being admitted or readmitted to an internationally Recognised Stock Exchange.
The summary of income-tax implications on buyback of listed equity shares on the Recognised Stock Exchange in India is set out below.
Any IPO must take place on a Recognised Stock Exchange nominated by the Board after consultation with each Minority Shareholder holding more than 20% of the Securities on issue, or where a demand is made under clause 29.1(a) , nominated by the Demanding Shareholder after consultation with MCE.
Subject to any applicable law, regulation or listing rule of any Internationally Recognised Stock Exchange, the Borrower shall at all times ensure that it controls the appointment of the directors to the board of directors of each member of the Borrower Group.