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Policy On Material Subsidiary.pdf

Policy-on-Material-Subsidiaries.pdf

Preview of Policy on Material Subsidiary

🔗 Source: corporate.pcjeweller.com

📊 Size: 519 KB

👤 Author: admin

⬇️ Downloads: 82

Summary

PC Jeweller Limited has a Policy on Material Subsidiaries, which aims to determine material subsidiaries and provide a corporate governance framework for them. A material subsidiary is one whose income or net worth exceeds 10% of the company's consolidated income or net worth. The policy requires at least one independent director on the board of an unlisted material subsidiary, and the audit committee to review the financial statements of unlisted subsidiaries. The company must disclose the policy on its website and in its annual report, and any disposal of shares in a material subsidiary requires a special resolution. The policy is subject to amendment in case of changes in applicable laws or regulations.

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Description

PC Jeweller Limited has a Policy on Material Subsidiaries, which aims to determine material subsidiaries and provide a corporate governance framework for them.

Technical Information

File Format: PDF
File Size: 519 KB
Pages: 3
Language: EN
Author: admin
Total Downloads: 82
Last Updated: 1 week ago

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