Examples of Blocked Account in a sentence
The balance in the Blocked Account will be reckoned for the purpose of CRR/SLR.
All unreconciled credit entries in Nostro accounts which are outstanding for more than three years shall be transferred to a Blocked Account and shown as outstanding liabilities.
That certain debt or other obligation of Manufacturers Trust Company, 55 Broad Street, New York, New York, arising out of Service No. 30138, entitled Julius Eulenstein, Blocked Account, maintained at the branch office of the aforesaid company located at 45 Beaver Street, New York 15, New York, and any and all rights to demand, enforce and collect the same, ande.
Upon sale of shares representing Equity Stake held in Blocked Account to the Anchor Investor, four (4) persons nominated by the Anchor Investor shall be co-opted as directors of the Exchange, to replace four (4) nominees of the Commission in pursuance of directive of the Commission.
Upon sale of shares held in Blocked Account to the general public, the Commission shall issue a directive in terms of the Act specifying the manner, number and eligibility of Directors who shall replace the nominees of the Commission representing shareholder interest of the general public, in an election of Directors held as per the requirements of the Companies Act.