BEE owned company definition

BEE owned company means a BEE owned company as defined in Schedule 1 to the BEE Codes;
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BEE owned company means juristic person, having share holding or similar members interest, that is BEE controlled, in which black participants enjoy a right to Economic interest that is more than 50% of the total such rights measured using the Flow through Principle;
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BEE owned company means a juristic person, having shareholding or similar members interest, in which black scheme participants enjoy economic interests or exercisable voting rights of an amount or value specified in the rules of the BEE Ownership Scheme, and where no amount or value has been specified in the rules of the BEE Ownership Scheme, ‘BEE Owned Company’ has the same meaning as defined in Schedule 1 of the BEE Codes;
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More Definitions of BEE owned company

BEE owned company means a BEE owned company as defined in the BEE Codes;
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Related to BEE owned company

  • Business entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.