Share Capital Account definition

Share Capital Account means the bank account of the Issuer in which the Issuer has deposited the proceeds of its share capital in the amount of US$250.00 and the transaction fee in the amount of US$250.00, and such other amounts as may be deposited from time to time in connection with the issuance of Additional Notes as permitted under this Indenture.

Share Capital Account means a specified bank account in the name of the Issuer at Bank of Ireland;

Share Capital Account means share capital account as defined in section 975-300 of the ITAA 1997 which is an account the company keeps of its share capital,[8] or any other account (whether or not called a share capital account) that satisfies the following conditions: (i) the account was created on or after 1 July 1998, and (ii) the first amount credited to the account was an amount of share capital. Two or more accounts together may constitute the share capital account.[9]

Examples of Share Capital Account in a sentence

• Dividends may be paid annually out of the Dividend Reserve held in the Share Capital Account and interest accrued thereon.

• The Transaction Account, the Share Capital Account and the Reserve Fund Account (together the Issuer Accounts) will be held at the Account Bank.

• As the previous examples have shown, ANN has seen some advances and usages in recent years.

• Resulting Company shall credit its Share Capital Account with the aggregate face value of the new equity shares issued by the Resulting Company to the members of Demerged Company.

• In respect of cancellation of shares held by Demerged Company, Resulting Company shall debit to its Equity Share Capital Account, the aggregate face value of existing equity shares held by Demerged Company in Resulting Company with a corresponding credit to the Capital Reserve of the Resulting Company.

• Pursuant to the Scheme, the surplus of the assets over liabilities, after adjusting Share Capital Account and cancellation of existing Share Capital has been credited to Capital Reserve Account.

• The face value of New Equity Shares issued by the Transferee Company to the shareholders of the Transferor Company pursuant to Clause8.1 above shall be credited to the Equity Share Capital Account of the Transferee Company.

• The fair value of $14,600 initially recorded under Contributed Surplus has been credited to the Share Capital Account.

• Transferee Company shall record issuance of equity shares at fair value and accordingly credit to its Share Capital Account the aggregate face value of the equity shares issued on Slump Exchange.

• The Resulting Company shall record by way of a credit to the Share Capital Account in its books of account, the aggregate face value of the New Equity Shares issued and allotted under the Scheme by it to the shareholders of the Demerged Company pursuant to Clause 11.1.1 of this Scheme.

More Definitions of Share Capital Account

Share Capital Account means an account that holds a Member’s Share Capital.

Share Capital Account means the bank account in the name of the Main SPV in which the share capital of the Main SPV is deposited (from time to time);