Common use of Capital Verification Clause in Contracts

Capital Verification. A qualified accountant registered in the PRC and selected by a Supermajority of the Board shall be engaged by the Joint Venture to verify the capital contribution by AoLunTe and provide a capital verification report accordingly.

Appears in 2 contracts

Sources: Sino Foreign Cooperative Joint Venture Contract, Sino Foreign Cooperative Joint Venture Contract (Aura Systems Inc)