Examples of Initial Subscribers in a sentence
One of the Initial Subscribers was arm’s length while the other was a company controlled by a director and officer of the Company.
In connection with their commitment to subscribe for the Committed Shares, the Company granted 15,000,000 compensation options to the Initial Subscribers, entitling the holder to purchase one ordinary share for $0.25 until February 1, 2020.
The Initial Subscribers each agreed to purchase 46,875,000 ordinary shares (the “Committed Shares”) under the Private Placement, subject to their right to engage dealers to find substituted purchasers to purchase all or a portion of the Committed Shares.
Under the conversion, the legal requirement of minimum subscription of the sponsor of the scheme as per rules exempted; however, the existing unit holders shall be treated as Initial Subscribers.
For one year after the closing of the Private Placement, the Initial Subscribers are restricted from selling, pledging or granting any rights with respect to the acquired ordinary shares, except in certain limited circumstances.
Initial Subscribers to Memorandum of Association hold 10,000 Equity Shares each of face value of ₹.
Mono Chemist; Partnership Firm into the Company under Part I of Chapter XXI of the Companies Act, 2013, the Initial Subscribers to Memorandum of Association subscribed 1,00,000 Equity Shares of face value of ₹ 10/- each fully paid up, at par against the outstanding credit balance of Partners Fixed Capital Account.
Initial Subscribers to Memorandum of Association subscribed 10,000 Equity Shares of face value of Rs.10/- each fully paid at par as per the details given below: 2.
Initial Subscribers to Memorandum of Association subscribed 10,000 Equity Shares of face value of Rs. 10/- each fully paid as per the details given below: Sr. No.
Our Company has issued 1,00,000 Equity Shares at Rs. 10/- each for cash to the Initial Subscribers to the Memorandum of Association at the time of incorporation of the company as per the details given in the below mentioned table.