Black Majority Owned Company definition
Black Majority Owned Company means a " B-BBEE Owned Company" (or comparable term) as defined from time to time under the BEE Legislation, which definition as at 10 August 2016 is as follows: "means juristic person, having shareholding or similar members interest, that is B-BBEE controlled, in which Black participants enjoy a right to Economic Interest that is at least 51% of the total such rights measured using the Flow Through Principle"; provided that where the BEE Legislation contains more than one definition of a "Black Majority Owned Company" and such definitions are not the same, then the term "Black Majority Owned Company" shall mean (and be restricted to) the class of persons who satisfy the relevant criteria in every such definition;
Black Majority Owned Company means (and be restricted to) the class of persons who satisfy the relevant criteria in every such definition;
Black Majority Owned Company in relation to any company, means a company incorporated in accordance with the laws of the Republic and having a shareholding in which one or more Black People:
More Definitions of Black Majority Owned Company
Black Majority Owned Company means a "B-BBEE Owned Company" (or comparable term) as defined from time to time under the BEE Legislation, which definition as at 10 August 2016 is as follows: "means juristic person, having shareholding or similar members interest, that is B-BBEE controlled, in which Black
Black Majority Owned Company. 6 is a company incorporated in South Africa which has a shareholding in which one or more Black People:
1 Article 1.1.4.1 of Schedule 1 of the 2 Article 1.4.14 of the MOI 3 Article 1.4.15 of the MOI 4 Article 1.4.10 of the MOI 5 Article 1.4.12 of the MOI 6 Article 1.4.13 of the MOI
1.6.1 beneficially owns or own, on an effective, flow-through basis (as such term in contemplated in the BEE Codes and which, for the avoidance of doubt, excludes measurement utilising the modified flow-through principle), at least 51% of the ordinary share or other equity interest of such company;
1.6.2 is or are entitled to at least 51% of all economic interest in relation to the ordinary shares or other equity interest of such company; or shall have such other meaning as may be given to it under the BBBEE Legislation from time to time.
Black Majority Owned Company means a "B-BBEE Owned Company" (or comparable term) as defined from time to time under the BEE Legislation, which definition as at 10 August 2016 is as follows: "means juristic person, having
Black Majority Owned Company in relation to any company, means a company incorporated in accordance with the