Examples of Voting Control in a sentence
Name of the Bidding Company / Consortium Member: …………….Status of equity holding as on ………… Name of the Equity HolderType and No. of Shares ownedExtent of Voting Control (%)1.......................................................
Name of Equity HolderType and Number of Shares owned% of Equity HoldingExtent of Voting Control (%)1.
Unless stated otherwise, the financial data in this Red Herring Prospectus is derived from the restated financial statements as of and for the years ended March 31, 2003, 2004, 2005, 2006 and 2007, prepared in accordance with Indian GAAP, the Companies Act, 1956 and restated in accordance with SEBI Guidelines, as stated in the report of the Statutory Auditors of the Company, M/s Sunil K Mittal & Co., Chartered Accountants beginning from page no.
Persons are "affiliates" of each other as a result of one having Voting Control over the other, whether such Voting Control is through the direct ownership of securities or indirectly through one or more other persons which are linked down through a chain of persons, each of which has Voting Control over the one below it.
Notwithstanding the foregoing, the pledge of Class B Shares by a shareholder that creates a mere security interest in such shares pursuant to a bona fide loan or indebtedness transaction for so long as such shareholder continues to exercise Voting Control over such pledged shares shall not constitute a Transfer within the meaning of this Article 8.