Sick Unit definition

Sick Unit means and include a Micro & Small Manufacturing Enterprise so considered and certified by the Directorate of Industries, or Medium Manufacturing Enterprise / LSI Unit so considered by the Board for Industrial and Financial Reconstruction (BIFR) or a Co-operative Unit / Enterprise so certified by the Commissioner of Co-operation, State of Maharashtra.
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Sick Unit means an industrial unit declared sick by the Board for Industrial and Financial Reconstruction under the Sick Industries Companies (Special Provision) Act, 1985 / National Company Law Tribunal (NCLT) or by the State Level Committee for micro, small and medium industries headed by the Director of Industries or the High Level Empowered Committee headed by the Chief Secretary for large sector.
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Sick Unit means and include an Micro & Small Manufacturing Enterprises so considered and certified by the Directorate of Industries, or Medium Manufacturing Enterprises / LSI Unit so considered by the Board for Industrial and Financial Reconstruction (BIFR) and Co-operative unit’s / Enterprises as certified by Commissioner of Co-operation, State of Maharashtra.
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Examples of Sick Unit in a sentence

  • A 'Sick Unit' shall mean and include a Micro & Small Manufacturing Enterprise so considered and certified by the Directorate of Industries, or Medium Manufacturing Enterprise / LSI Unit so considered by the Board for Industrial and Financial Reconstruction (BIFR) or a Co-operative Unit / Enterprise so certified by the Commissioner of Co-operation, State of Maharashtra.

  • A 'Sick Unit' shall mean and include a Micro & Small Manufacturing Enterprise so considered and certified by the Directorate of Industries, or Medium Manufacturing Enterprise / LSI Unit so considered by the Board for Industrial and Financial Reconstruction (BIFR) / National Company Law Tribunal (NCLT) under Insolvency and Bankruptcy Code - 2016 or a Co- operative Unit / Enterprise so certified by the Commissioner of Co-operation, State of Maharashtra.

  • Sick Unit Sick unit refers to a unit whose account has remained substandard for more than six months or there has been erosion in net worth due to accumulated cash losses to the extent of 50% of the net worth during the previous accounting year and the unit has been in commercial production for at least two years.

  • The Company was a Sick Unit and was discharged from BIFR in June 2006.

  • Sick Unit means an industrial unit declared sick by the Board for Industrial and Financial Reconstruction under the Sick Industrial Companies (Special Provisions) Act, 1985 or by the Apex Body headed by the Secretary of Industries / IDC for SSI or the High Level Empowered Committee headed by the Chief Secretary for large and medium sector.

  • As per the above criteria BSNL comes under the category of Incipient Sick Unit.

  • If available firm capacity is oversubscribed by the new incremental load of existing customers and that ofnew customers for any period, SoCalGas will pro rate the available capacity equally across that customer base.

  • Other DefinitionsOther definitions like New Unit, Expansion Unit, Eligibility Certificate, Operational Period, Effective Steps, Fixed Capital Investment, Eligible Investment, Direct Employment, Eligible Industries, Raw Material, Sick Unit, Financial Year etc.

  • Sick Unit means an industrial unit declared sick by the Board of Industrial and Finance Reconstruction under the Sick Industrial Companies (Special Provisions) Act, 1985 or by the Apex Body headed by the Secretary of Industries/ IDC for SSI or the High Level Empowered Committee headed by the chief Secretary for large and medium sector.

  • For units under revival plan, the period of subsidy shall be as specified by the competent Authority under the Sick Unit Revival and Rehabilitation Scheme, subject to maximum two years.


More Definitions of Sick Unit

Sick Unit means an industrial unit declared sick by the Board for Industrial and Financial Reconstruction under the Sick Industries Companies (Special Provision) Act, 1985 or by the State Apex Committee for SSI headed by the Director of Industries or the High Level Empowered Committee headed by the Chief Secretary for large and medium sector. Sick units also include units closed for being in red for years or for financial reasons or for reasons of obsolete technology.
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Sick Unit means an industrial unit held sick by the Board for Industrial and Financial Reconstruction under the Sick Industrial Companies (Special Provisions) Act, 1985 or the Nodal Committee constituted under Resolution No. 29858 dtd.6.11.1980 of Industries Department or, the State Level Inter-Institutional Committee constituted under Resolution No. 25569 dtd. 25.10.1983 of Industries Department.
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Sick Unit means an Unit belonging to an industrial company that is not less than 5 years old and that has at the end of any financial year accumulated losses equal to or exceeding its net worth. Net worth is the sum total of the paid up capital of the industrial company and its free reserves. In case of SSI units, the definition of RBI from time to time will be applicable.
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Sick Unit means a unit registered for not less than five years, which has at the end of any financial year accumulated losses equal to or exceeding its entire net worth. In the first two cases, an auditor who accepts the audit would be guilty of professional misconduct.
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Related to Sick Unit

  • Phantom Stock Unit means the right to receive the value of one (1) share of the Company’s Common Stock, subject to the provisions of Section 8.4 of the Plan.

  • Share Unit means either an RSU or a PSU, as the context requires.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Stock Unit means a bookkeeping entry representing the equivalent of one Share, as awarded under the Plan.

  • PSU means Public Sector Undertaking

  • Restricted Stock Unit means a bookkeeping entry representing an amount equal to the Fair Market Value of one Share, granted pursuant to Section 8. Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

  • Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 7(c).

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Bonus means the bonus described in the Section 2.3.

  • Performance Share means an Award denominated in Shares which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine pursuant to Section 10.

  • Performance Unit Award means an Award granted under Article XI of the Plan under which, upon the satisfaction of predetermined Performance Goals, a cash payment shall be made to the Holder, based on the number of Units awarded to the Holder.

  • Performance Unit means an Award which may be earned in whole or in part upon attainment of performance goals or other vesting criteria as the Administrator may determine and which may be settled for cash, Shares or other securities or a combination of the foregoing pursuant to Section 10.

  • Phantom Unit means a notional Unit granted under the Plan which upon vesting entitles the Participant to receive, at the time of settlement, a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its sole discretion.

  • RSU means a contractual right granted pursuant to Section 9 that is denominated in Shares. Each RSU represents a right to receive the value of one Share (or a percentage of such value) in cash, Shares or a combination thereof. Awards of RSUs may include the right to receive dividend equivalents.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Cash Award means an award denominated in cash.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Restricted Stock Unit Award means a right to receive shares of Common Stock which is granted pursuant to the terms and conditions of Section 6(b).

  • Equity Award means all incentive stock options, non-statutory stock options, shares of restricted stock, restricted stock units or other incentive equity awards in respect of shares of the Company’s equity securities that have been or will be granted to you by the Company.

  • Deferred Stock Unit means a right granted to a Participant under Article 9 to receive Shares (or the equivalent value in cash or other property if the Committee so provides) at a future time as determined by the Committee, or as determined by the Participant within guidelines established by the Committee in the case of voluntary deferral elections.

  • Bonus Award means a bonus award made pursuant to Section 9.

  • Incentive Compensation means any compensation that is granted, earned or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

  • Restricted Stock Unit Award Agreement means a written agreement between the Company and a holder of a Restricted Stock Unit Award evidencing the terms and conditions of a Restricted Stock Unit Award grant. Each Restricted Stock Unit Award Agreement will be subject to the terms and conditions of the Plan.

  • incentive plan award means compensation awarded, earned, paid, or payable under an incentive plan;

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.