Examples of Charter Capital in a sentence
This deducted amount must not exceed 5% of the Company’s after-tax profits and the deduction shall continue until the reserve fund represents 10% of the Charter Capital of the Company.Article 44.
More recently, the SEC fined Steve Morris Bruce, founder and CEO of Charter Capital Management, LLC (“CCM”), $40,000 for telling investors that he had conducted extensive due diligence on an investment, when in fact he had only made a few phone calls and conducted some Google searches.
The Company’s Charter Capital is VND 926.977.140.000 (Vietnam Dongs Nine hundred twenty six billion nine hundred seventy seven million one hundred forty thousand).The Company’s Charter Capital is divided into 92.697.714 (Ninety two million six hundred ninety seven thousand seven hundred fourteen) shares each with a par value of VND10,000 (Vietnam Dongs Ten thousand).
Reserve Fund for Charter Capital SupplementationAnnually, the Company shall have to deduct a sum from its after-tax profits into the reserve fund for Charter Capital supplementation as provided for by Laws.
The Company can increase its Charter Capital when the General Meeting of Shareholders issues its approval and in accordance with the Laws.