What is the meaning of In Principle Approval?
| Originally posted by : CS Ankur Srivastava | ||
![]() |
Term in principal approval used in under Clause 24(a) of the Listing Agreement. Means that a listed entity, before issuing any further shares or securities makes an application to the Stock Exchange having nationwide terminal for obtaining approval for listing of such shares or securities at the exchange. Where the company is not listed on any exchange having nationwide trading terminal, it agrees to obtain in principle approval from all the exchanges in which it is listed before issuing further shares or securities. |
![]() |
In principle approval means the concerned authority has agreed to the proposal generally without getting into the details of other required statutory / legal compliances.
Agreed with Jayshree...
For example, taking in-principal approval form stock exchanges for listing of equity shares.
Term in principal approval used in under Clause 24(a) of the Listing Agreement.
Means that a listed entity, before issuing any further shares or securities makes an application to the Stock Exchange having nationwide terminal for obtaining approval for listing of such shares or securities at the exchange. Where the company is not listed on any exchange having nationwide trading terminal, it agrees to obtain in principle approval from all the exchanges in which it is listed before issuing further shares or securities.
Agreed with Ankur Sir.
Rajeev Nayak
| Originally posted by : SAN... | ||
![]() |
it means taking permission from your concerned principle ( CA under whom you are working as an article assistant). |
![]() |
Sorry SAN if it hurts, kindly just look the answers of others, when you are not aware of the term.
You are a student a learner, but look if somebody not answered this query, the answer would lead to slay the query.
In case of housing loan getting Approval in Principle simply means getting mortgage approval in place prior to finding the specific property which you're going to buy.
After in-principal approval, within the time limit specified, one has to submit the requisite document for approval.
| Originally posted by : CS Ankur Srivastava | ||
![]() |
Term in principal approval used in under Clause 24(a) of the Listing Agreement. Means that a listed entity, before issuing any further shares or securities makes an application to the Stock Exchange having nationwide terminal for obtaining approval for listing of such shares or securities at the exchange. Where the company is not listed on any exchange having nationwide trading terminal, it agrees to obtain in principle approval from all the exchanges in which it is listed before issuing further shares or securities. |
![]() |
| Originally posted by : CA. Dashrath Maheshwari | ||
![]() |
Originally posted by : SAN... it means taking permission from your concerned principle ( CA under whom you are working as an article assistant). Sorry SAN if it hurts, kindly just look the answers of others, when you are not aware of the term. You are a student a learner, but look if somebody not answered this query, the answer would lead to slay the query. In case of housing loan getting Approval in Principle simply means getting mortgage approval in place prior to finding the specific property which you're going to buy. After in-principal approval, within the time limit specified, one has to submit the requisite document for approval. |
![]() |
Dear Dashrath Sir
No need to say sorry Sir
i think we are here to share whatever knowledge we have and gain the same from others, so no quetion of getting hurted.
whatever i answered its from best of my knowledge.
i just tried to share my knowledge about whatever i know about the term " Principle"
Oky next time i will take care before answering such queries
thanks for the Correction & Clarification.
Regards
SAN.
I think Ms.JayaShree's reply is more relevent. By the mean time Pls clarify the following
Nowadays ROC asked to select the Para 14 (a) as Yes in INC -1 while apply for a forex company.
If we select as Yes then we need to attach the in-Principle approval from RBI .But Pracically is it possible ? Whether RBI will give in-Priciple approval after name approval but before the incorporation?
Your are not logged in . Please login to post replies
Click here to Login / Register
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
View DetailsIndia's largest network for
finance professionals