Nil liability definition

Nil liability means that no payments were expected on the case and "Nil compliant" means that payments were expected but none were received.
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Examples of Nil liability in a sentence

  • During the current Financial year provisions of Rs. 44,247/- is made towards gratuity (Previous Year Rs. Nil) liability as on 31st March, 2020 under the Payment of Gratuity Act, 1972.

  • Company has assessed the fair value of the options issued as Nil, thus Nil liability booked as at reporting date.

  • The Appellants filed returns showing Nil liability to pay tax on the footing that there was no transfer of any property in goods either by itself or by virtue of any works contract.

  • Nil liability of annual Tuition FeePost cooling off period but before the start of week 6 of student’s first semester 25% liability of annual Tuition Fee Week 6 to last day of Semester A 50% liability of annual Tuition Fee Thereafter 100% liability of annual Tuition Fee 9.6.2 Non Accredited Programmes – For Non Accredited Programmes, the 14-day cooling off period is defined as starting from the day ICMP issues an email to a student confirming completion of registration.

  • During the current Financial year provisions of Rs. 44,247/- is made towards gratuity (Previous Year Rs. Nil) liability as on 31st March, 2020 under the Payment of Gratuity Act, 1972.For BSEL Infrastructure Realty FZE:- Employees Termination Benefits are provided as per SAIF zone Regulations.

  • Nil liability cases have been excluded from this table.2. Cases with more than 8 Eligible Children have been excluded from this table for privacy reasons because of the small numbers involved.

Related to Nil liability

  • Products Liability means:Your legal liability in respect of Personal Injury and/or Property Damage caused by or arising out of any Products or the reliance upon a representation or warranty made at any time with respect to such products; but only where such Personal Injury and/or Property Damage occurs away from premises owned or leased by or rented to You and after physical possession of such products has been relinquished to others.

  • General Liabilities shall have the meaning given it in Article III, Section 6(b) of this Declaration of Trust;

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • General Liability means:Your legal liability in respect of Personal Injury and/or Property Damage and/or Advertising Injury caused by or arising out of an Occurrence happening in connection with the Business other than Products Liability.

  • Personal liability means personal liability for a debt, liability, or other obligation of an organization which is imposed on a person that co-owns, has an interest in, or is a member of the organization:

  • Environmental Liability means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

  • Liability means the obligation to pay a judgment, settlement, penalty, fine (including an excise tax assessed with respect to an employee benefit plan), or reasonable expenses incurred with respect to a proceeding.

  • Excluded Liability means any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation, any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.