Capital Redemption Reserve definition
Capital Redemption Reserve means the reserve required to be kept by section 60;
Capital Redemption Reserve means the reserve referred to in section sixty;
Capital Redemption Reserve means the reserve established by the Company for the purpose of section 37(4) of the Statute which shall comprise of, inter alia, (i) where Shares are redeemed or purchased wholly out of the Company's profits, the amounts by which the Company's issued share capital is diminished in accordance with section 37(3)(g) of the Statute on cancellation of the Shares redeemed or purchased; (ii) where Shares are redeemed or purchased wholly or partly out of the proceeds of a fresh issue and the aggregate amount of those proceeds is less than the aggregate nominal value of the Shares redeemed or purchased, the amount of such difference, unless section 37(4)(c) of the Statute applies; (iii) where Shares are redeemed or purchased out of capital and the capital payment for Shares redeemed or purchased and cancelled is less than their nominal amount, the amount of such difference, subject to section 37(5)(f) of the Statute; subject to any reduction in accordance with section 37(5)(e) of the Statute and other provisions of the Statute. "Capital Reserve" means the premium paid on the issuance of any Share and income from endowments received by the Company. "Chairman" means the Director elected amongst all the Directors as thechairman of the Board. "Company" means the above named company. "Directors" means the directors for the time being of the Company andshall include any and all Independent Director(s). "Dividend" means any dividend resolved to be paid on Shares pursuant tothe Articles. "Electronic Record" has the same meaning as in the Electronic Transactions Law. "Electronic TransactionsLaw" means the Electronic Transactions Law (2003 Revision) of theCayman Islands. "FSC" means the Financial Supervisory Commission of the ROC. "Gross Negligence" in relation to a person means a standard of conduct beyond negligence whereby a person acts with reckless disregard forthe consequences of his action or inaction. "TPEx" means the Taipei Exchange. "Independent Directors" means the Directors who are elected as "IndependentDirectors" for the purpose of the Applicable Public Company Rules.
Examples of Capital Redemption Reserve in a sentence
As an integral part of this Scheme and upon the coming into effect of this Scheme, the Reserve and Surplus shall be reduced by utilizing Capital Redemption Reserve/ Securities Premium Account amounting to Rs. 34,231,000/- for the purpose of adjusting / writing off Goodwill on de-merger.
The reduction of Capital Redemption Reserve of the Demerged Company is merely technical in nature as it does not involve either diminution of any liability or the payment to any shareholder and therefore, the provisions of section 101 of the Act will not be applicable.
More Definitions of Capital Redemption Reserve
Capital Redemption Reserve means the reserve established by the Company for the purpose of
Capital Redemption Reserve means a statutory, non-distributable reserve into which amounts are transferred following the redemption or purchase of a company's own shares out of distributable profits.
Capital Redemption Reserve means the amount standing to the credit of the Company as at the