EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS Sample Clauses

EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS. To attain the mission and objectives specified in the MoU, delegation of powers promulgated by Department of Public Enterprises from time to time for MoU signing companies and Miniratna Category-I companies will automatically be applicable to BEML in addition to those already promulgated. - 2 – Sl No Criteria Units Wtg MoU target 2013-14 MoU target 2014-15 Excellent Very Good Good Fair Poor Documentary Evidence and Source/ Origin of documents for evaluation 1 STATIC/ FINANCIAL PARAMETERS (50%) Growth/Size/Activity Sales Turnover, excluding interest and other income, excise duty, custom duty, VAT or any other duty, tax etc. Gross Operating Margin* Profitability PBT/Net Worth Costs and Output Efficiency Manpower Productivity Value Added** / Employee Cost Efficiency of Asset Use Average No. Days of Inventory Average collection period of Trade receivables (Debtors Turnover Ratio) (i) a) Rs. Cr. 9 - 3,600.00 3,900.00 3,600.00 3,429.00 3,260.00 3,103.00 b) Rs. Cr. 9 - 360.00 409.50 360.00 342.90 326.10 310.30 (ii) a) (iii) a) % Ratio 10 10 - - 5.81 1.95 7.77 2.00 5.81 1.95 5.24 1.90 4.58 1.80 3.92 1.75 Audited Accounts/ Annual Report (iv) a)b) No. of Days No. of Days 66 -- 210.00 120.00 200 115 210 120 218 125 226 135 232 140
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EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS. Hindustan Newsprint Limited (HNL) will be empowered with all such delegated powers as are given to Miniratna – I Companies from time to time.
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EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS. Delegation as granted to MOU signing companies by the Government of India as per Ministry of Industry’s OEM No. BPE 1(18)/88-Fin. (PPU) dated 19.10.1988 and subsequent orders on the subject will be applicable to HEC. COMMITMENT OF HECL HEC undertakes to achieve the performance targets for the Financial Year 2014-15 in respect of operational, financial and other parameters as outlined in the enclosed Statement. ASSISTANCE FROM THE GOVERNMENT OF INDIA
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EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS. HPC will be empowered with all such delegated powers as are given to Miniratna-I Companies from time to time.
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EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS. Pursuant to the award of 'Miniratna, Category l' status to HCL, the Board of HCL has been provided with enhanced power as per the scheme applicable to 'Miniratna, Category l' PSU. PART IV: COMMITMENTS/ASSISTANCE FROM THE GOVERNMENT o Assistance of Ministry for getting speedy environment and forest clearance for Renewal of Mining Lease of various mines of the Company. o Reserving the areas (not notified yet by the State Govt. in Madhya Pradesh, Rajasthan & Haryana) for HCL for MLlPLlRP for which applications have been submitted to MOM, New Delhi.
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EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS. Pursuant to the award of 'Miniratna, Category l' status to HCL, the Board of HCL has been provided with enhanced power as per the scheme applicable to 'Miniratna, Category 1PSU. . ~ •. !."•'.'!!.".•'..'.!"."..!.' !!!.!"•!•!!'!"!!!'.!"!!"'!.!!'.!!!'!!!!!!.!!'!!!!!~~!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!'!!!!!!!!!!!!!!!!!!!!!!!!!!!!'!!!!!!!!'!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!'!!!!!!!!'!!!!!!!!'!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! HCL MOU 2012-13 Page 3 - . "'- - .
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EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS. All powers available to MOU signing Miniratna Companies will continue to be available with KIOCL Limited.
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EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS. 2.1 All such powers are available to the Executive Council (EC) of the University as are provided for by the Act and Statutes as well as ordinances framed thereunder. The Executive Council (EC) shall not use its power to lay down any policy has an overriding or overruling impact on the University’s Act. 2.2 The University shall endeavour to ensure gradual annual increase in the user charges / fees charged by it for its various courses and facilities. 2.3 The University shall strictly follow the General Financial Rules, 2017 issued by Department of Expenditure, Ministry of Finance, and Government of India in all its financial transactions including procurement of goods and services. 2.4 The University shall adopt the Public Financial Management System (PFMS) for receipt of all funds from UGC / Government of India and make all payments through the PFMS till the last mile as far as possible. 2.5 The University shall send to the MHRD and UGC any information required by it to satisfy any requirement related to Parliamentary Matters, RTI, Court Cases, Public Grievances or inputs to policy decision to be taken by the UGC/MHRD within reasonable time specified by the UGC/MHRD. 2.6 In addition to the above, such decision which creates financial liabilities on UGC/ MHRD shall be taken up by the University with the prior approval of UGC / MHRD.
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EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS. 2.1 The exercise of enhanced autonomy and delegation of financial powers on capital expenditure, joint ventures, strategic al iances, organizational restructuring, creation and winding up of the posts, schemes relating to personnel and human resources management, etc. should be incorporated in the MOU. 2.2 Specific areas in which further autonomy and financial powers desired may also be incorporated with justification as to how these additional xxxxxx xxx stimulate the growth of the company.
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Related to EXERCISE OF ENHANCED AUTONOMY AND DELEGATION OF FINANCIAL POWERS

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  • Authorization and Description of Shares The Shares to be --------------------------------------- purchased by the Underwriter from the Fund have been duly authorized for issuance and sale to the Underwriter pursuant to this Agreement, and, when issued and delivered by the Fund pursuant to this Agreement against payment of the consideration set forth in this Agreement will be validly issued, fully paid and non-assessable; the Shares conform to all statements relating thereto contained in the Prospectus and such description conforms to the rights set forth in the instruments defining the same; no holder of the Shares will be subject to personal liability by reason of being such a holder; and the issuance of the Shares is not subject to the preemptive or other similar rights of any securityholder of the Fund.

  • Limitation on Delegation The Fund acknowledges and agrees that in accepting the delegation hereunder, the Transfer Agent is agreeing to perform only the AML Procedures, as may be amended from time to time, and is not undertaking and shall not be responsible for any other aspect of the AML Program or for the overall compliance by the Fund with the USA PATRIOT Act or for any other matters that have not been delegated hereunder. Additionally, the parties acknowledge and agree that the Transfer Agent shall only be responsible for performing the AML Procedures with respect to the ownership of, and transactions in, Shares in the Fund for which the Transfer Agent maintains the applicable Shareholder information.

  • Delegation of Powers Subject to any limitations set forth in the Act, the member(s) may delegate any of its powers to officers of the Company or to committees consisting of persons who may or may not be member(s). Every officer or committee shall, in the exercise of the power so delegated, comply with any restrictions that may be imposed on them by the member(s).

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