Examples of Relevant Holding in a sentence
In circumstances where a holding company or treasury company of a financial group had previously identified itself as a Relevant Holding Company or Relevant Treasury Company based on the implementing Regulation, and completed its FATCA registration 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.
When the Relevant Holding Period exceeds one year no CDSC is payable in respect of the redeemed shares.
When the Relevant Holding Period exceeds four years no CDSC is payable in respect of the redeemed shares.
Where a holding company in a private equity investment structure is not considered to be a Relevant Holding Company on the basis of the factors above, it should be classified as an Active NFFE.
Fifth Paragraph - For the purposes of calculating the percentage of Relevant Holding, involuntary shareholding increases resulting from the cancellation of treasury stocks, the repurchase of stocks or the reduction of the Company’s capital stock with the cancellation of stocks will not be computed.
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.
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.
Pursuant to the Amended Restructuring, 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 continue to be wholly-owned by the Seller after Completion, and as a result such original Relevant Holding Companies will not form part of the Amended Disposal Group.
Reduction in the types of Financial Institutions:Recent announcements from the UK and Singapore of this subject:The UK's HMRC announced7 on March 11, 2015 that it considers that the treatment of Relevant Holding Companies and Treasury Companies as Financial Institutions is incorrect8.