Examples of Deemed Consideration in a sentence
Deemed Consideration under Capital Gains & Other Sources The finance bill proposes to amend section 50C & 56 (2)(x)in respect of sale of Land and Buildings or transactions covered u/s 56(2)(x) so as to allow a variation of 5% in case of difference in transaction value adopted and stamp duty value.
Goodwill arising on the acquisition of the Existing Group of approximately RMB1,961,656,000, being the excess of the Deemed Consideration over the identifiable assets and liabilities of the Existing Group upon the completion date of the Reverse Takeover Transaction, was recorded.
The Deemed Consideration Price of RM2.10 per Unit is close to the record high of the Units’ transacted price of RM2.16 per Unit on 24 August 2012 since the listing of the Fund in 2007 and as such, provides an attractive exit point for the unitholders of the Fund to realise capital gain on their investment in the Fund.
The payment of the Deemed Consideration Price to the unitholders will be made as soon as practicable following the registration of the amended Trust Deed.
The final Special Dividend to be proposed by the Manager may be varied compared to the RM0.20 per Unit which is being proposed by BPB and if such situation takes place, the SUR Offer Price will also be adjusted accordingly to ensure that the Deemed Consideration Price remains at RM2.10 per Unit.
If the Fund declares, makes and/or pays a dividend or other distribution of any nature whatsoever ( “ Distribution”) after the date of the SUR Proposal Letter up to completion of the Proposals, the Deemed Consideration Price shall be reduced by an amount equivalent to the Distribution made per Unit.
For Example: in cases where Corporate Guarantee is provided it is difficult to determine the value of services.Suggestion It is suggested that the provision be amended to provide a Deemed Consideration Mechanism wherein cost plus some deemed margin (may be 10%) be taken as value of Services on the similar lines as provided under Rule 8 of Excise Valuation Rules, wherein the Value of the Goods is taken as 110% of cost of the Goods.
Note 3(a): Deemed Consideration for reverse acquisition The deemed consideration was the issue of 55,000,000 shares and 75,000,000 class A performance shares in zipMoney Ltd (legal parent) to the shareholders of zipMoney Payments Group and is deemed to have a value of $2,572,525.
If the performance of the firm is not up to satisfaction of HEC then contract may be cancelled and awarded to some other party.
Late Payment Surcharge (LPS): Applicable as per provisions under ‘Part-1 General Conditions of Tariff’.8.