Unlisted Material Subsidiary means a Material Subsidiary whose equity shares are not listed on any recognized stock exchange in India.

Unlisted Material Subsidiary means an unlisted subsidiary, incorporated in India or not, whose income or net worth exceeds 20% of the consolidated income or net worth respectively, of the Company and its subsidiaries in the immediately preceding accounting year.

Unlisted Material Subsidiary means a Material Subsidiary that is unlisted in India.

Examples of Unlisted Material Subsidiary in a sentence

At least one Independent Director of the Company shall be a director on the Board of an Unlisted Material Subsidiary.
The management should periodically bring to the attention of the Board of the Company, a Statement of all significant Transactions and Arrangements entered into by any Unlisted Material Subsidiary Company.
The CFO/ Managing Director should periodically bring to the attention of the Board of Directors of the Company, a statement of all Significant Transactions and Arrangements entered into by the Unlisted Material Subsidiary Company.
The Audit Committee of the Company shall also review the financial statements, in particular, the investments made by the Unlisted Material Subsidiary Company.
At least one Independent Director on the Board of the Company shall be a director on the board of the Unlisted Material Subsidiary, whether incorporated in India or not.

More Definitions of Unlisted Material Subsidiary

Unlisted Material Subsidiary means a Material Subsidiary whether incorporated in India or not and is not listed on any Stock Exchange(s).

Unlisted Material Subsidiary means Material Subsidiary which is not listed on stock exchange.

Unlisted Material Subsidiary means a Material Subsidiary whose equity shares are not listed on any recognised Stock exchange in India.

Unlisted Material Subsidiary means a subsidiary, which is incorporated in India or not and whose income or net worth exceeds twenty percent of the consolidated income or net worth respectively, of the Company and its subsidiaries in the immediately preceding accounting year.

Unlisted Material Subsidiary means a Material Subsidiary which is incorporated in India and is not listed on the Indian Stock Exchanges and whose income or net worth (i.e. paid-up capital and free reserves) exceeds ten percent (10%) of the consolidated income or net worth respectively, of the listed holding company and its subsidiaries in the immediately preceding accosting year as per audited balance sheet.

Unlisted Material Subsidiary means a Material Subsidiary whose securities are not listed on any recognized Stock Exchanges in India.

Unlisted Material Subsidiary means a material Subsidiary (whether incorporated in India or not) which is not listed on any Stock Exchanges in India or overseas and excludes the subsidiary the securities of which are proposed to be listed.