Black Company definition

Black Company means an entity which is both a "B-BBEE-owned Company" and a "B-BBEE-controlled Company" (with each of these terms bearing the meanings as given to them in the BEE Codes);
Black Company means a company incorporated in accordance with the laws of South Africa, and which is both a Black Majority Owned Company and a Black Majority Controlled Company, and a reference to "company" in this definition shall include a reference to a close corporation;
Black Company means a company incorporated in accordance with the laws of South Africa which is both a “BEE controlled company” and a “BEE owned company” (or comparable terms) as defined from time to time under the BEE Legislation, and a reference to "company" shall include reference to a close corporation or such other incorporated entity;

Examples of Black Company in a sentence

  • PCBL is the first Carbon Black Company in the world to receive carbon credits.

  • Petition for interim measures by Red: Red seeks a disposition prohibiting Blue from selling any of the material extracted from Area β to either Black Company or Arbitria.

  • However, upon the sale of Area β extracted material to Black Company and to Arbitria, and once the payment therefor has been received in full, the amount claimed will be reduced to US$ 110 million.

  • This consumer class action seeks to remedy the false and deceptive3business practices of Ashley Black Company, ADB Interests, LLC and other related45 entities (“Defendants”) with respect to the marketing and sales of the6 “FasciaBlaster” product throughout the United States.72.

  • It was known by the people as the Black Company because the most dangerous politicians were kept there.


More Definitions of Black Company

Black Company means a company incorporated and registered in accordance with the laws of South Africa and which is both:
Black Company. “ means a company which is a BEE Controlled Company1 and a BEE Owned Company2 each as defined in the Codes;
Black Company means an entity that is both a "BEE Owned Company" and a "BEE Controlled Company" (as each of such terms is defined in the BEE Codes);
Black Company means a BEE Owned Company and a BEE Controlled Company;
Black Company means a company which is a BEE Controlled Company * and a BEE Owned Company † each as defined in the Codes;
Black Company means – 2.1.10.1 with reference to BEE SPV being a Black Company, BEE SPV being a company in respect of which Black People – 2.1.10.1.1 have the ability to control, on a modified flow-through basis (as such term is contemplated in the BEE Codes), 100% (one hundred percent) of all voting rights which are exercisable by the shareholders of BEE SPV in general meeting or otherwise; and 2.1.10.1.2 are entitled to 100% (one hundred percent) of the economic interest which may be distributed to the shareholders of BEE SPV from time to time by virtue of their shareholding in BEE SPV, measured on a modified flow-through basis (as such term is contemplated in the BEE Codes); 2.1.10.2 with reference to any other company being a Black Company, such company being a company in respect of which Black People – 2.1.10.2.1 have the ability to control, on a flow-through basis (as such term is contemplated in the BEE Codes), in excess of 50% (fifty percent) of all voting rights which are exercisable by the shareholders of such company in general meeting or otherwise; and 2.1.10.2.2 are entitled to more than 50% (fifty percent) of the economic interest which may be distributed to the shareholders of such company from time to time by virtue of their shareholding in such company, measured on a flow-through basis (as such term is contemplated in the BEE Codes);
Black Company means a company incorporated in accordance with the laws of South Africa which is both a "BEE controlled company" and a "BEE owned company" (or comparable terms) as defined from time to time under the BEE Legislation, and a reference to "company" shall include reference to a close corporation or such other incorporated entity;