Demerged Undertaking 1 definition

Demerged Undertaking 1 means the undertaking of the Demerged Company 1, pertaining to the Demerged Business 1, which shall be inclusive of, but not limited to:
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Demerged Undertaking 1 means the business undertaking comprising of the FA Division (as defined hereinafter) of the Transferor Company, comprising of the assets and liabilities set out in Part A of Schedule 1 hereto, on a going concern basis, inclusive of but not limited to: (i) all assets, whether moveable or immoveable, whether leasehold or freehold, (including the right to use the land on which the FA Division is located but excluding the ownership or leasehold rights in such land) including all rights, title, interest, claims, covenants, undertakings of the Transferor Company pertaining to the FA Division; (ii) all investments, receivables, loans and advances, including accrued interest thereon, all advance payments, xxxxxxx monies and/or security deposits, payment against warrants, if any, or other entitlements of the Transferor Company pertaining to the FA Division; (iii) all debts, borrowings and liabilities, whether present or future, whether secured or unsecured of the Transferor Company pertaining to the FA Division; (iv) all permits, rights, entitlements, licenses (including licenses issued by the DGFT under EPCG Scheme, Advance Authorization Scheme, Focused Products Scheme, Focused Marketing Scheme, Duty Drawback Scheme and other schemes or approvals of a like nature issued by the DGFT), approvals, grants, allotments, recommendations, clearances, tenancies, offices, taxes, tax credits (including, but not limited to, credits in respect of income tax (including carry forward tax losses comprising of unabsorbed depreciation), tax deducted at source, sales tax, value added tax, turnover tax, excise duty, service tax, minimum alternate tax credit), privileges and benefits of all contracts, agreements, tenders, bids, experience and/or performance statements and all other rights including lease rights, licenses, powers and facilities of every kind and description whatsoever of the Transferor Company pertaining to the FA Division; (v) all copyrights, trademarks, service marks, brand names, logos, patents and other intellectual property rights of whatsoever nature and the goodwill arising therefrom of the Transferor Company relatable to the FA Division, including without limitation, all rights to the brand names and logos “Jindal”, “Xxxxxx Stainless” and “J” and all rights of the Transferor Company in any and all classes of the trademarks and logos, “JSL”, “JSL color”, “XXXXXX Stainless”, “J JINDAL” and “J XXXXXX Stainless” whether registered, unregistered or pending registra...
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Demerged Undertaking 1 means the entire consumer wireless mobile business, undertakings, activities and operations of the Transferor Company in the TTSL Circles, other than the Demerged Undertaking 2, to be transferred to BAL as a going concern with effect from the Appointed Date and, unless mutually agreed to and/ or identified between the relevant Parties, includes without limitation:
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Examples of Demerged Undertaking 1 in a sentence

  • All the assets, properties and liabilities of the Demerged Undertaking 1 and Demerged Undertaking 2 shall be vested in the Resulting Company 1 and Resulting Company 2 respectively at the value appearing in the books of the Demerged Company on the close of business on the day immediately preceding the Appointed Date.

  • The Scheme provided for Demerger of Demerged Undertaking 1 of Erstwhile Max India into the Company, and thereafter amalgamation of residual Erstwhile Max India with Max Healthcare.

  • The difference, i.e. the excess or shortfall, as the case may be, of the value of the transferred assets over the transferred liabilities pertaining to the Demerged Undertaking 1 and Demerged Undertaking 2 and cancellation of investment held by way of equity shares in the Resulting Companies shall be adjusted to the Capital Reserve of the Demerged Company.

  • It is clarified that the services of the Strides Transferred Employees of Demerged Company 1 forming part of the Demerged Undertaking 1 will be treated as having been continuous for the purpose of the said Strides Funds.

  • Pursuant to the Scheme, the Demerged Undertaking 1, Demerged undertaking 2 and Demerged Undertaking 3 have been vested with our Company from the Appointed Date of 1st April, 2014 under Sections 391 to 394 of the Companies Act, 1956, effective from 01st February, 2016.

  • It is clarified that the services of the staff and employees of the Demerged Company pertaining to the Demerged Undertaking 1 and Demerged Undertaking 2 will be treated as having been continuous for the purpose of the said fund or funds.

  • The Resulting Company 1 shall, upon the Scheme becoming effective, record the assets and liabilities of the Demerged Undertaking 1 of the Demerged Company vested in it pursuant to this Scheme, at the respective book values, as appearing in the books of the Demerged Company at the close of business on the day immediately preceding the Appointed Date.

  • Resulting Company shall be deemed to be authorised to execute any such deeds, writings or confirmations on behalf of Demerged Company 1 for the Demerged Undertaking 1 and to implement or carry out all formalities required to give effect to the provisions of this Scheme.

  • In accordance with the Scheme, Demerged Undertaking 1 of PPPML, Demerged Undertaking 2 of PIL and Demerged Undertaking 3 of PHPL were transferred to and vested with PPPL, with effect from the appointed date viz.

  • After the training, participants were asked to fill a short survey.


More Definitions of Demerged Undertaking 1

Demerged Undertaking 1 means the Paper Business of Demerged Company (as defined below) including all related properties, assets, debts, Liabilities, duties, obligations, rights, benefits, incentives (including application therefor), exemptions, subsidies, concessions, refunds and powers, on a going concern basis, representing an undertaking in compliance with Section 2(19AA) of the Income Tax Act, as on the Appointed Date, which shall be transferred to and vested in the Resulting Company 1 upon demerger from the Demerged Company in terms of Part III of this Scheme. Without prejudice and limitation to the generality of the above, the Demerged Undertaking 1 means and includes:
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Demerged Undertaking 1 means the entire Inbound Business of TCI, as a going concern as of the Appointed Date, including all its assets, contracts, identified investments, rights, approvals, licenses and powers and all its debts, outstandings, liabilities, duties, obligations and employees pertaining to the Inbound Business including, but not in any way limited to, the following:
Sample 1
Demerged Undertaking 1 means the business undertaking comprising of the general entertainment television business of the Transferor Company 1, comprising of the assets and liabilities set out in the Demerger Agreement, on a going concern basis, inclusive of but not limited to all assets (movable or immovable, tangible or intangible) license for non-news and current affairs television channels “Big Magic”, “Big Ganga”, “Big Magic Punjab”, “Big Gaurav”, “Big Magic HD” (covering general entertainment, kids entertainment and music genres) including any rights attached thereto, broadcasting rights, programming rights, telecasting rights or any other right of similar nature, records, the operations, licenses, deferred tax asset, tax credits (including service tax credit), the liabilities and obligations. It shall also include any personnel, intellectual property rights including rights registered for television formats of gaming based shows, or such other rights or tangible or intangible properties belonging to, or forming part of, or relating or appertaining to, or attributable to the division identified as the general entertainment television business of the Transferor Company 1.For the purpose of this Scheme, it is clarified that liabilities pertaining to the Demerged Undertaking 1 of the Transferor Company 1 shall include:
Sample 1
Demerged Undertaking 1 means the business undertaking comprising of the general entertainment television business of the Transferor Company 1, comprising of the assets and liabilities set out in the Demerger Agreement, on a going concern basis, inclusive of but not limited to all assets (movable or immovable, tangible or intangible) license for non-news and current affairs television channels “Big Magic”, “Big Ganga”, “Big Magic Punjab”, “Big Gaurav”, “Big Magic HD” (covering general entertainment, kids entertainment and music genres) including any rights attached thereto, broadcasting rights, programming rights, telecasting rights or any other right of similar nature, records, the operations, licenses, deferred tax asset, tax credits (including service tax credit), the liabilities and obligations. It shall also include any personnel, intellectual property rights including rights registered for television formats of gaming based shows, or such other rights or tangible or intangible properties belonging to, or forming part of, or relating or appertaining to, or attributable to the division identified as the general entertainment television business of the Transferor Company 1.For the purpose of this Scheme, it is clarified that liabilities pertaining to the Demerged Undertaking 1 of the Transferor Company 1 shall include:a) The liabilities, which arise out of the activities or operations of the Demerged Undertaking 1of the Transferor Company 1;b) Specific loans and/or other financing facilities raised, incurred and / or utilized solely for the activities or operations of the Demerged Undertaking 1 of the Transferor Company 1;c) Liabilities other than those referred to in sub-Clauses (a) and (b) above, and not directly relatable to the Remaining Business of Transferor Company 1, being the amounts of general or multipurpose borrowings of Demerged Company 1, allocated to the Demerged Undertaking 1of Transferor Company 1 in the same proportion which the value of the assets transferred bears to the total value of the assets of Transferor Company 1 immediately before giving effect to this Scheme.
Sample 1
Demerged Undertaking 1 means the entire media business which focuses on health and wellness, skin care, hair make up, make up and hairstyles and fashion which operates under the name of Stylecraze as identified by the management of the Demerged Company inclusive but not limited to all assets (movable or immovable, tangible or intangible) and all the businesses, undertakings, activities, properties, investments and liabilities, of whatsoever nature and kind and wheresoever situated shall include the following:
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Related to Demerged Undertaking 1

  • related undertaking means any undertaking in which any person has a

  • Affidavit and Undertaking means the affidavit and undertaking provided by the Bidder substantially in form and manner as annexed in Annexure I hereto;

  • Standard Securitization Undertakings means representations, warranties, covenants and indemnities entered into by the Borrower or any Subsidiary of the Borrower that are customary in a Securitization Financing.

  • railway undertaking means any public or private undertaking licensed according to this Directive, the principal business of which is to provide services for the transport of goods and/or passengers by rail with a requirement that the undertaking ensure traction; this also includes undertakings which provide traction only;

  • subsidiary undertaking means an undertaking controlled by a parent undertaking, including any subsidiary undertaking of an ultimate parent undertaking;

  • Amalgamation Agreement means the amalgamation agreement in the form attached hereto as Schedule B to be entered into among Subco and Xxxxx pursuant to Section 269 of the BCBCA, to effect the Amalgamation.