DS Licence definition

DS Licence a multi-level direct sales licence issued pursuant to the Direct Sales ▇▇▇ ▇▇▇▇
View Source
DS Licence the multi-level direct sales licence No. AJL 931384 issued on 18th September 2001 to NSMY pursuant to the DS Act
View Source

Examples of DS Licence in a sentence

  • A) NSM is desirous of undertaking a multi-level direct sales business in Malaysia and is preparing an application for submission to the MDTCA for the issue by the MDTCA to NSM of a DS Licence.

  • The PURCHASER shall use its best endeavours to assist NSM to obtain, in a timely manner, the DS Approval and the issue of the DS Licence.

  • C) The DS Licence was issued by the MDTCA to NSM on 18th September 2001.

  • B) By its letter dated 12th September 2001 bearing reference KPDN (DN) (JL) 8/6/1-935 Jld 5(3) to NSM, the Controller of Direct Sales of the MDTCA approved NSM’s application for a DS Licence for a duration of 1 (One) year subject, among others, to the condition that it ensures that at least 40%(Forty Percent) of the shares in NSM are held by Bumiputra.

  • B) The completion of the SPA is conditional upon inter alia the grant by the MDTCA of its approval for the issue of a DS Licence upon such terms and conditions acceptable to NSM and the VENDOR.

  • C) By its letter dated 12th September 2001 bearing reference KPDN (DN) (JL) 8/6/1-935 Jld 5(3) to NSMY, the Controller of Direct Sales of the MDTCA approved NSMY's application for a DS Licence for a duration of 1 (One) year subject, among others, to the condition that it ensures that at least 40% (Forty Percent) of the shares in NSMY are held by Bumiputera.

  • D) The DS Licence was issued to NSMY on 18th September 2001 and NSMY will commence a multi level direct sales business on 6th November 2001.