PRC Laws definition
Examples of PRC Laws in a sentence
Except as set forth on Schedule 5.9(d), the registered capital of each PRC Subsidiary has been paid up in accordance with the schedule of payment stipulated in its Organizational Documents, approval documents, certificates of approval and legal person business license (collectively, the “PRC Establishment Documents”) and in material compliance with applicable PRC Laws.
All approvals, Permits, licenses and registrations required under all applicable PRC Laws, Laws and Orders for the due and proper establishment and operation of each member of the Company Group have been duly obtained from the relevant Authorities or completed in accordance with the relevant PRC Laws, Laws or Orders, and are in full force and effect.
The PRC Establishment Documents of each PRC Subsidiary has been duly approved and filed in accordance with PRC Laws and are valid and enforceable.
The business scope specified in the PRC Establishment Documents complies in all material respects with the requirements of all applicable PRC Laws, and the operation and conduct of business by, and the term of operation of the PRC Subsidiary in accordance with the PRC Establishment Documents is in compliance in all material respects with applicable PRC Laws.