Termination Process definition
Examples of Termination Process in a sentence
All Parties to this MOU agree to the Termination Process provided in Attachment J.
Termination Process: A written termination form will be completed which will include sanctions (activities) completed, results, recommendations, last date of program contact and reason for termination.
In order to efficiently implement the Termination Process, the Deposit Agreement was amended pursuant to the amendment agreement dated March 12, 2020 by the Company and the Domestic Depository (the “Amendment Agreement”).
A letter intimating about the right of the IDR Holders to participate in the Termination Process and the mechanism for doing so (the “Letter”) was dispatched, to all IDR Holders appearing in the register of ‘IDR Holders’ maintained pursuant to the Deposit Agreement (the “Register”) as on March 6, 2020, by registered a/d post at their Indian address only, along with an email to those IDR Holders who had registered their email address with the Registrar for receiving Company related communication via email.
An advertisement was issued on March 16, 2020, in two (2) leading English and two (2) leading Hindi national daily newspapers in India, with respect to the notice of termination issued by the Company and the Termination Process.
To address the queries of the IDR Holders, the Domestic Depository and the Registrar have set up dedicated telephone helplines during the working hours (i.e. 9:00 am to 6:00 pm) on all working days, until a period of six (6) months from the completion of the Termination Process.
To assist the IDR Holders, the Company has also uploaded some likely questions (as amended) concerning the Termination Process on its website at ▇▇▇▇▇://▇▇▇.▇▇.▇▇▇/en/investors/shareholder-information/indian-depository-receipts/idr-indian-depository-receipts/ (the “FAQs”) and these should be read in conjunction with these Termination Operating Guidelines and applicable laws.
The Letter intimating about the right of the IDR Holders to participate in the Termination Process and the mechanism for doing so was dispatched, to all IDR Holders appearing in the Register as on March 6, 2020, by registered a/d post at their Indian address only, along with an email to those IDR Holders who had registered their email address with the Registrar for receiving Company related communication via email.
The Company has received a letter dated March 6, 2020 from the Securities and Exchange Board of India (“SEBI”) approving (subject to the conditions stated therein) the Termination Process.
To facilitate the Termination Process for the IDR Holders, the Company is publishing these guidelines (as amended) (the “Termination Operating Guidelines”) (which are also submitted to BSE Limited (“BSE”) and The National Stock Exchange of India Limited (“NSE”, and together with BSE, referred to as the “Indian Stock Exchanges”), as well as uploaded on the Company’s website).