Public Sector undertaking. A Sector Undertaking (PSU) means a company in which not less than fifty- one per cent of the paid-up share capital is held by either the Central Government, or by any State Government (s) or partly by the Central Government and partly by one or more State Governments and includes a company which is a subsidiary of a Government company as thus defined. or A PSU is a company in which the Central Government or one or more State Government (s) either singly or together, exercise control over management or exercise power to appoint majority of directors.
Public Sector undertaking means a target company in which, directly or indirectly, majority of shares or voting rights or control is held by the Central Government or any State Government or Governments, or partly by the Central Government and partly by one or more State Governments;
Public Sector undertaking means any corporation established by or under any Central, State or Provincial Act or a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956) which is owned, controlled or managed by the Central Government.]
Examples of Public Sector undertaking in a sentence
If the Buyer is not a Public Sector Undertaking: Such dispute or difference shall be referred exclusively to arbitration under the provisions of the Arbitration and Conciliation Act, 1996, as amended from time to time.
If the Buyer is a Public Sector Undertaking: In the event of any dispute or difference relating to the interpretation and application of the provisions of this Agreement, between Central Public Sector Enterprise (CPSEs), such dispute or difference shall be taken up by either party for resolution through AMRCD as mentioned in DPE OM No. 4(1)/2013-DPE(GM)/FTS-1835 dated 22-05-2018.
More Definitions of Public Sector undertaking
Public Sector undertaking. A Sector Undertaking (PSU) means a company in which not less than fifty-one per cent of the paid-up share capital is held by either the Central Government, or by any State Government
Public Sector undertaking means any corporation established by or under any Central, State or Provincial Act which is owned, controlled or managed by the Government, or a Government company as defined under clause (45) or section 2 of the Companies Act, 2013;
Public Sector undertaking means an enterprise that has all the following characteristics:
Public Sector undertaking means a Corporation established by or under a Central or State Act which is owned or managed by the Central Government or a State Government and includes a company in which not less than fifty-one percent of the paid-up share capital is held by the Central Government or by any State Government or partly by the Central Government and partly by one or more State Governments relating to -
Public Sector undertaking means a company in which the Central Government holds 50 per cent or more of its equity capital or is in control of the company.”
Public Sector undertaking. A Sector Undertaking (PSU) means a company in which not less than fifty-one per cent of the paid-up share capital is held by either the Central Government, or by any State Government (s) or partly by the Central Government and partly by one or more State Governments and includes a company which is a subsidiary of a Government company as thus defined. or A PSU is a company in which the Central
Public Sector undertaking means a public sector undertaking specified in the Schedule to this Act; Short title and commencement. Definitions.