Sanction example sentences

Rights are reasonable claims of persons recognised by society and sanctioned by law.Since payment for imports requires foreign currency, the importer has to also make an application to a bank authorised for sanction of the necessary foreign exchange.In most countries any the public money can be spent only when the Parliament sanctions it.The work relating to sanction and payment of drawback is, however, looked after by the Commissioner of Customs or Central Excise Incharge of the concerned port/ airport/land custom station from where the export of goods is considered to have taken place.After proper scrutiny of the application, the bank sanctions the necessary foreign exchange for the import transaction.The shares issued within two months from the date of receiving sanction for the same from the Government or within such extended period as the Government may allow.For obtaining such a sanction, the importer has to make an application to a bank authorised by RBI to issue foreign exchange.The borrower is required to provide some security or create a charge on the assets of the firm before a loan is sanctioned by a commercial bank.He tried to show through his writings that the practice of widow burning had no sanction in ancient texts.Loan is sanctioned in the name of the group and is meant to create selfemployment opportunities for the members.As per the rules in force, every importer is required to secure the sanction of foreign exchange.A total of 215 schemes of pollution abatement have been sanctioned.What makes it different from other societies is that in this system, hereditary occupational division was sanctioned by rituals.The issue of shares at a discount is authorised by an ordinary resolution passed by the company at its general meeting and sanctioned by the Company Law Board now Central Government.

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