Examples of GVP (HUF in a sentence
Neither the SR (HUP) nor the GVP (HUF) shall transfer (whether by way of gift, sale, bequest or otherwise) any shares held by them from time to time in DRL or DRHL to any person other than the Trust, a Family Member or a Family Entity.
The SR (HUF) and the GVP (HUF) shall settle in the Trust all the income accrued on the SR (HUF) DRHL Shareholding and the GVP (HUF) DRHL Shareholding, respectively, from time to time.
GVP (HUF), GVP, GA, GSR and GMR: ## ### ############## #### ###### ############# ######### # ###### or such other address as may be notified in writing by them to the Trust Board.
Family Members who are appointed as directors/equivalent of directors on the management body of any Family Entity, including on the board of directors of DRL, for the purpose of representing the interest of any or all of the other Family Members, the SR (HUF) or the GVP (HUF), or the Trust shall at all times act in consultation with the Trust Board to the extent that such actions specifically concern matters provided for in this Deed.
Provided however that if any of the members of the SR (HUF) or the GVP (HUF) holds the portion of the Income Share falling to his interest on behalf of another HUF, that portion of the Income Share which such member has become entitled to pursuant to the partition shall be distributed to such member as the karta of the said HUF and the provisions of Clause 4.4.4(i)(a) shall apply mutatis mutandis.