Sample Share Purchase And Share Holder Agreement Page 19
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777.15
The authorized share capital of the Company is ____.
7.16
The issued and paid-up share capital of the Company is _____.
7.17
Since the date of the Audited Financial Statements, the Board of Directors of
the Company have not recommended dividends pertaining to the Financial Year _____
and the Company has not declared or made any other payments or distribution on or in
respect of any Equity Shares.
7.18
No person has any agreement or option or right capable of becoming an
agreement for the subscription or issue of Equity Shares.
7.19
Except as otherwise disclosed or provided for in this Agreement, to the
Company’s knowledge and belief, the operations of the Company have been and are now,
in all material respects, conducted in compliance with applicable Laws and there has been
no major violation of any intellectual property right related laws, rules and regulations
including infringement of any third party’s intellectual property rights.
7.20
Except as otherwise disclosed or provided for in this Agreement, the Company
is not a partner, joint venture or otherwise a participant in any partnership, joint venture
or other similar jointly owned business undertaking and the Company has no other
significant investment interests in any business owned or controlled by any third party.
7.21
The Company has not knowingly permitted any of its normal insurances to
lapse or done anything to make any policies of insurance void or voidable.
7.22
Excepting as otherwise disclosed or provided for in this Agreement or
Schedule XI, no item of plant, computers, machinery, fixtures, fittings or equipment and
motor vehicles as appearing in the balance sheet of the Company have been taken into
possession by the owners under any hire purchase/lease agreement, nor have the same
been sold or disposed of at prices materially less than their book value.
7.23
Excepting as otherwise disclosed or provided in this Agreement or Schedule
____, neither the execution and delivery of this Agreement by the Company, nor the
performance by the Company of its obligations hereunder nor compliance by the
Company with the provisions hereof will violate, adversely affect, contravene or breach
or create a default or accelerate any obligation under any indenture, mortgage, lease,
agreement, instrument, charter or by-law provision, statute, regulation, judgement,
ordinance, decree, writ, injunction or Law applicable to the Company.
7.24
Except as otherwise disclosed or provided for in this Agreement, neither the
company has any outstanding debt securities or any of its indebtedness that may be
required to be accelerated or repaid, repurchased or redeemed as a result of the execution,
delivery or performance by the Company of this Agreement.
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