Material Unlisted Subsidiary definition

Material Unlisted Subsidiary means an unlisted Material Subsidiary.

Material Unlisted Subsidiary means a Material Subsidiary which is whether incorporated in India or not and is not listed on the Stock Exchanges.

Material Unlisted Subsidiary means an unlisted Material Subsidiary of the Company.

Examples of Material Unlisted Subsidiary in a sentence

• Pursuant to Regulation 24 of the Listing Regulations, at least one Independent Director is to be on the Board of Directors of all Material Unlisted Subsidiary Company.

• The statement of all Significant Transactions and Arrangements entered into by the Material Unlisted Subsidiary Company shall be placed before the Board/Audit Committee of the Company on quarterly basis.

• At least one Independent Director on the Board of the Company shall be a director on the Board of the Material Unlisted Subsidiary.

• Your Directors shall formulate a Policy to determine Material Unlisted Subsidiary as and when the relevant provisions for the same are applicable on it in future.There were no materially significant transactions with related parties during the financial year 2016-17 which were in conflict with interest of the Company.

• The audit committee of the Company shall also review the financial statements, in particular, the investments made by the Material Unlisted Subsidiary.

More Definitions of Material Unlisted Subsidiary

Material Unlisted Subsidiary means an unlisted subsidiary, incorporated in India, whose income or net worth exceeds 20% of the consolidated income or net worth respectively, of the listed holding company and its subsidiaries in the immediately preceding accounting year.

Material Unlisted Subsidiary means a subsidiary that is determined as a ‘material subsidiary’ in accordance with this Policy and which is either incorporated in India or abroad and is not listed on the recognised stock exchanges either in India or abroad.

Material Unlisted Subsidiary means an unlisted material Subsidiary.

Material Unlisted Subsidiary means an unlisted subsidiary, whose income or net worth exceeds 10% percent of the consolidated income or net worth respectively, of the listed entity and its subsidiaries in the immediately preceding accounting year.

Material Unlisted Subsidiary means a subsidiary whether incorporated in India or not, whose income or net worth exceeds twenty percent of the consolidated income or net worth respectively, of the Company and its subsidiaries in the immediately preceding accountingyear.

Material Unlisted Subsidiary means an Unlisted Material Subsidiary which is incorporated in India or not.

Material Unlisted Subsidiary means an unlisted subsidiary, whose income or net worth (i.e. paid up capital and free reserves) exceeds ten percent of the consolidated income or net worth respectively, of the Company and its subsidiaries in the immediately preceding accounting year.