Material Non Listed Indian Subsidiary definition

Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, whose income or net worth (i.e. paid up capital and free reserves) 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 Non Listed Indian Subsidiary means a Material Subsidiary which is incorporated in India and is not listed on the Indian Stock Exchanges.

Material Non Listed Indian Subsidiary means a Material Subsidiary which is incorporated in India and is not listed on the Indian Stock Exchanges whose income or net worth (i.e. paid-up capital and free reserves) exceeds 20 per cent of the consolidated income or net worth respectively, of the listed holding company and its subsidiaries in the immediately preceding financial year.

Examples of Material Non Listed Indian Subsidiary in a sentence

• The Audit Committee shall review the same and make suitable recommendations to the Board including recommendation for appointment of Independent Director in the Material Non- Listed Indian Subsidiary.

• The Audit Committee shall review the same and make suitable recommendations to the Board including recommendation for appointment of Independent Director in the Material Non Listed Indian Subsidiary.

• One Independent Director of the Company shall be a director on the Board of the Material Non- Listed Indian Subsidiary Company.

• At least one Independent Director on the Board of the Company shall be a director on the board of the Material Non Listed Indian Subsidiary.

• One Independent Director of the Company shall be a director on the board of the Material Non- Listed Indian Subsidiary.

More Definitions of Material Non Listed Indian Subsidiary

Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, whose turnover or net worth (i.e. paid up capital and free reserves) exceeds 20% of the consolidated turnover or net worth respectively, of the listed holding company and its subsidiaries in the immediately preceding accounting year.

Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, whose turnover or net worth (i.e. paid up capital and free reserves) exceeds 20% of the consolidated turnover or net worth respectively, of the Company and its Subsidiaries in the immediately preceding accounting year.

Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, whose income or networth (i.e., paid-up capital and free reserves exceeds 20% of the consolidated income or networth respectively, of the listed holding company and its subsidiaries in the immediately preceding accounting year.

Material Non Listed Indian Subsidiary means unlisted subsidiary which isincorporated in India, whose income or net worth (i.e. paid up capital and freereserves) exceeds 20% of the consolidated income or net worth respectively, ofCompany and its subsidiaries in the immediately preceding accounting year.

Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, whose income or net worth (i.e. paid up capital and free reserves) exceeds 20% of

Material Non Listed Indian Subsidiary means an unlisted subsidiary, incorporated in India, 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 accounting year.

Material Non Listed Indian Subsidiary means a Material Subsidiary of the Company, incorporated in India, whose shares are not listed on any stock exchanges;