MDTCA definition
Examples of MDTCA 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.
B) To fulfil the equity requirements set out by the MDTCA pursuant to the DS Guidelines, the VENDOR is willing to restructure NSMH (as the holding company of NSM) and to divest, in the manner described in Recital III(C), its right to 70% (Seventy percent) of its effective equity shareholdings in NSM to Malaysians, including 30% (Thirty percent) thereof to Bumiputera Malaysian.
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.