Demerged Undertaking definition

Demerged Undertaking means all the business, undertakings, properties, investments and liabilities of whatsoever nature and kind and where so ever situated, of the Demerged Company, in relation to and pertaining to the Consumer Electric Business on a going concern basis, as on the Appointed Date, together with all its assets and liabilities and shall include (without limitation):

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Demerged Undertaking means the entire General Insurance Business of the Demerged Company as a going concern as on the Appointed Date, including, without limitation all undertakings, activities, operations, assets, investments, rights, approvals, licenses and powers, leasehold rights and all its debts, outstandings, liabilities, duties, obligations and employees, in each case pertaining to the Demerged Company but excluding at all times the Residual Undertaking. Without prejudice to the generality of the foregoing, the Demerged Undertaking shall include, without being limited to, the following:

Demerged Undertaking means the Cement Business of the Demerged Company, on a going concern basis, consisting inter alia of:

Examples of Demerged Undertaking in a sentence

• The Demerged Company shall in no event be responsible or liable in relation to any such legal or other proceedings in relation to the Demerged Undertaking.

• The benefit in respect of the unutilised Minimum Alternate Tax credit and the carried forward interest deduction under Section 94B as on the Appointed Date, if any, in respect of or relatable to the Demerged Undertaking shall be carried forward for allowance in the hands of the Resulting Company.

• It is clarified that all receivables relating to the Demerged Undertaking, for the period prior to the Effective Date, but received after the Effective Date, relate to the Demerged Undertaking and shall be paid to the Resulting Company for no additional consideration, and without any Tax implications.

• If any part of any of the Demerged Undertaking is inadvertently not transferred to the Resulting Company on the Effective Date pursuant to the Scheme, the Demerged Company shall take such actions as may be reasonably required to ensure that such part of the relevant Demerged Undertaking, as the case may be, is transferred to the Resulting Company promptly and for no further consideration, and without any Tax implications.

• All costs, charges and expenses payable in relation to or in connection with this Scheme and incidental to the completion of the transfer and vesting of the Demerged Undertaking in the Resulting Company, in pursuance of this Scheme including stamp duty on the order(s) of the Tribunal, if any, to the extent applicable and payable shall be borne and paid as mutually agreed between the Boards of the Parties.

More Definitions of Demerged Undertaking

Demerged Undertaking means the Premium Brands Business of the Demerged Company and includes related assets, liabilities, rights and powers, on a going concern basis, representing an undertaking in compliance with Sec. 2(19AA) of the Income Tax Act, as on the Appointed Date, which shall be transferred and vested with the Resulting Company upon Demerger by the Demerged Company in terms of this Scheme. Without prejudice and limitation to the generality of the above, the Demerged Undertaking means and includes,:

Demerged Undertaking means the entire undertaking of HFRL pertaining to its Retail Undertaking and includes:

Demerged Undertaking means the Real Estate Business (as defined hereinafter) of the Demerged Company, comprising, inter-alia, of all the properties, assets, liabilities, permits licenses, registrations, approvals, contracts and employees, on a going concern basis, representing an undertaking in compliance with Explanation 1 to Section 2(19AA) of the IT Act (as defined hereinafter), and includes:

Demerged Undertaking means the ‘Automotive/Tractor/Engineering Components Business Undertaking’ of the Demerged Company, which shall include business, activities and operations pertaining to the ‘Automotive/Tractor/Engineering Components (hereinafter also referred to as

Demerged Undertaking means the entire activities, operations, business division and undertaking of the Demerged Company pertaining to the E-Commerce and Logistics business which is being transferred to the Resulting Company on a going concern basis along with all related assets, liabilities, employees, rights, powers, of whatsoever nature and kind, and wheresoever situated, and shall include (without limitation) in particular the following –

Demerged Undertaking means the undertakings, businesses, activities and operations pertaining to the Diversified Business of the Demerged Company, on a going concern basis, and shall mean and include, without limitation, the following:

Demerged Undertaking means the entire undertaking of the Demerged Company pertaining to the FILA Business, as of the Appointed Date, and shall include (without limitation):