Common use of Explanation Clause in Contracts

Explanation. 1. For the purpose of considering the limit of the committees on which a director can serve, all public limited companies, whether listed or not, shall be included and all other companies including private limited companies, foreign companies and companies under Section 25 of the Companies Act shall be excluded.

Appears in 9 contracts

Samples: Model Listing Agreement, Listing Agreement, Listing Agreement

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Explanation. 1. i. For the purpose of considering the limit of the committees on which a director can serve, all public limited companies, whether listed or not, shall be included and all other companies including private limited companies, foreign companies and companies under Section 25 8 of the Companies Act Act, 2013 shall be excluded.

Appears in 5 contracts

Samples: Listing Agreement, Listing Agreement, www.bseindia.com

Explanation. 1. For the purpose of considering the limit of the committees on which a director can serve, all public limited companies, whether listed or not, shall be included and all other companies including private limited companies, foreign companies and companies under Section 25 of the Companies Act Act, 1956 shall be excluded.

Appears in 2 contracts

Samples: Listing Agreement, Model Listing Agreement

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Explanation. 1. For the purpose of considering the limit of the committees on which a director can serve, all public limited companies, whether listed or not, shall be included and all other companies including private limited companies, foreign companies and companies under Section section 25 of the Companies Act Act, 1956 shall be excluded.

Appears in 1 contract

Samples: Model Listing Agreement

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