Initial Share Capital Sample Clauses

Initial Share Capital. Deleted as part of Amendments No. 4 approved by the Board.
Sample 1
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Initial Share Capital. Upon execution of this JVA, the JVC shall take such steps as requested by ARI Member, in its sole discretion, to ensure that the initial Share Capital of the JVC shall be as set forth in Annex VI (the “Initial Share Capital”). The Initial Share Capital shall be subscribed and paid for by each Party in the amount set forth opposite each Party’s name in Annex VI under the heading “Initial Share Capital” at a premium of Rupees ninety (Rs. 90) per Share, in accordance with Annex VI and the shareholding ratio set forth in Article 5.3 within sixty (60) Business Days following the establishment of a bank account by the JVC, or such earlier date as the Parties may mutually agree. The JVC shall open a bank account within seven (7) days of the date of this JVA. The JVC shall procure that, within a period of seven (7) Business Days from the date of receipt of the share subscription consideration from both the Parties, a meeting of the Board is convened and the Shares allotted to the Parties. The share certificates representing the fully paid-up Shares subscribed by the Parties shall be handed over to the Parties within seven (7) Business Days of such Board meeting. The share certificate/s in respect of the Shares subscribed by the Parties shall be in the form of jumbo certificates. Thereafter, the certificate/s may be split/consolidated upon being so requested by the Parties in writing at no extra cost. The JVC shall, at the initial meeting of the Board of Directors of the JVC, resolve to have the name of the Parties entered in the Register of Members of the JVC in respect of the Shares issued and allotted to the Parties by the JVC and to make all necessary filings with the concerned regulatory authorities. Initials of Authorized Representative of ARI Member Initials of Authorized Representative of AMTEK Member Immediately after the initial Board meeting and passing of the resolutions mentioned above, the Parties shall ensure that the JVC records the entries in the registers, and carries out all the actions that have been resolved to be carried out in this Article 5.2, in order to effectively achieve closing of the Initial Share Capital including making necessary filings with the Registrar of Companies, Authorized Dealer and the Reserve Bank of India. The JVC shall deliver copies of such forms, reports and documents to the Parties on the completion of all such filings. The JVC shall ensure that all forms, reports and documents to be filed and / or delivered under thi...
Sample 1
Initial Share Capital. 4 Repayment of Loan and Subscription for Share Capital.....................4
Sample 1

Related to Initial Share Capital

  • Share Capital The authorized share capital of the Company conforms as to legal matters to the description thereof contained in each of the Registration Statement, the Time of Sale Prospectus and the Prospectus.

  • Equity Shares Transferable shares of beneficial interest of the Corporation of any class or series, including common shares or preferred shares.

  • Initial Shares As used herein, “Initial Shares” means 229,865 shares of the Class, subject to adjustment from time to time pursuant to the provisions of this Warrant.

  • Ordinary Shares The Ordinary Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriters pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The holders of such Ordinary Shares are not and will not be subject to personal liability by reason of being such holders; such Ordinary Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.

  • Share Capitalizations If after the date hereof, and subject to the provisions of Section 6.6 below, the number of outstanding Ordinary Shares is increased by share capitalization payable in Ordinary Shares, or by a sub-division of Ordinary Shares or other similar event, then, on the effective date of such share capitalization, sub-division or similar event, the number of Ordinary Shares issuable on exercise of each Warrant shall be increased in proportion to such increase in outstanding Ordinary Shares.

  • Common Shares 4 Company...................................................................................... 4

  • Dividends; Changes in Share Capital The Company shall not, and shall not permit any of its Subsidiaries to, and shall not propose to, (i) declare or pay any dividends on or make other distributions in respect of any of its capital stock, except dividends by the Company or its Subsidiaries in the Ordinary Course, (ii) split, combine or reclassify any of its capital stock or issue or authorize or propose the issuance of any other securities in respect of, in lieu of or in substitution for, shares of its capital stock or (iii) repurchase, redeem or otherwise acquire any shares of its capital stock or any securities convertible into or exercisable for any shares of its capital stock.

  • Fractional Shares of Common Stock (a) The Company shall not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction to the nearest whole Warrant (rounded down).

  • Merger Sub Capital Stock At and after the Effective Time, each share of common stock of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one share of common stock of the Surviving Corporation.

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