Relevant Holding definition
Examples of Relevant Holding in a sentence
When the Relevant Holding Period exceeds four years no CDSC is payable in respect of the redeemed shares.
However, where a Holding Company or Treasury Company of a financial group no longer meets the definition of Financial Institution and had previously identified itself as a Relevant Holding Company or Relevant Treasury Company and completed its FATCAregistration as the lead Financial Institution of an Expanded Affiliated Group (EAG), Revenue will allow the entity to continue to treat itself as the lead Financial Institution for reporting purposes.
IFRS 3 was clarified that an acquirer should remeasure its previously held interest in a joint operation when it obtains control of the business.
For shorter holding periods, the table below sets out the maximum rate of the CDSC that will apply, which is a percentage of the lower of the original purchase price or of the redemption price of the Class B or Class Q Shares redeemed: Relevant Holding Period CDSC Up to one year 4.0% For further information on taxation of the Subsidiary and the India Fund, investors are directed to the Section “Taxation of the Subsidiary and the India Fund” in Appendix C.
For purposes of computing the Three Year Gain Amount, the relevant holding period of either an asset or an API is determined under all provisions of the Code or regulations that are relevant to determining whether the asset or the API has been held for the long-term capital gain holding period by applying those provisions as if the holding period were three years instead of one year.(ii) Relevant Holding Period.
An entity that was a Financial Institution for FATCA purposes by virtue of meeting the Relevant Holding Companies and Treasury Centres classification should consider the above guidance to determine the entity’s classification.
As disclosed in the Original Announcement, the business of the Disposal Group, being the business of design and provision of lottery systems and equipment for lottery in the PRC for traditional Welfare Computer Ticket Games operations, is carried out mainly by the Target Group (and not the Relevant Holding Companies).
For the purpose of FATCA, some jurisdictions consider Relevant Holding Companies and Treasury Centres to be Financial Institutions.
Pursuant to the Amended Agreement, the original Relevant Holding Companies (being RIHK and 御泰投資管理( 南通)有限公司, as referred to in the Original Announcement) will be replaced with another chain of offshore companies, namely Global Union Group Limited, Konrad Development Limited, 港樂貿易(深圳)有限公司 and 深圳市鵬樂實業發展有限公司 (collectively the “New Relevant Holding Companies”).
Therefore, the replacement of the Relevant Holding Companies (as in the Disposal Group) with the New Relevant Holding Companies (as in the Amended Disposal Group) does not have any material impact on the proposed Disposal from a commercial perspective, save for any possible improvement in cost and administrative efficiency in respect of the Restructuring as discussed above.