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Statutory management definition

Statutory management means the procedure whereby the Authority takes immediate possession and control of a Sacco Society’s business due to unsafe and unsound practices;
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Statutory management means statutory management under the Reserve Bank of New Zealand Act 1989.
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Statutory management means the procedure the CBL administers to take immediate
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Examples of Statutory management in a sentence

  • Statutory management changes are facilitated through amendments to legislative instruments, such as the fishery management plan, section 43 orders, exemptions and gazetted determinations by the Department’s Director General (see Table 2 above).Amendments to the SBPMF Management Plan cannot be undertaken without addressing statutory consultation requirements.

  • The results of this study will be published by end of 2018.Concerning administrative burden for Member States, "The Statutory management requirements (SMR) stem from sectorial legislations and Member States may make use of their existing administration and control systems (Article96 of Regulation (EU) No 1306/2013).

  • Statutory management is a controversial and “draconian remedy” that has been invoked only once since its passage.

  • Statutory management 111 Section 239H(1) of the Companies Act.112 A deed of company arrangement must be approved by a majority in number representing 75% in value of creditors voting.

  • Statutory management remuneration is paid only at the Parent Company level and, therefore, no management remuneration has been recorded in the subsidiaries.

  • Statutory management requirements (SMRs) set-up in accordance with 19 EU Directives and Regulations relating to the protection of the environment, animal and plant health and animal welfare.

  • Statutory management remuneration is paid only at the Parent company level and, therefore, no management remuneration has been recorded in the subsidiaries.

  • Regular (Non –Statutory manpower) a.b. Statutory management – 02 Nos.

  • This has calmed the panic created in the market following the placement of Chase Bank under Statutory management.

  • This is a vote of confidence as it is the first time that the IFC is directly involved in our country as an investor or lender.All these initiatives are not in direct competition with the existing financial institutions, but are seen as complementary to the financial system.We have also used our legislation to deal with financial institutions not complying with the regulations, some of whom have been placed under Statutory management with the aim that they will trade themselves out of their difficulties.


More Definitions of Statutory management

Statutory management means the procedure the CBL administers to take immediate possession and control of a Credit Union’s business due to unsafe and unsound practices.
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Statutory management means a procedure whereby the Commission takes immediate control and management of the SACCOS’ business and assets and may operate the SACCOS until the Commission permits it to resume business on its own subject to any terms and conditions the Commission may impose;
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Statutory management means a procedure whereby the Authority takes possession and control of a SACCO society's business due to unsafe and unsound practices
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Related to Statutory management

  • Drug therapy management means the review of a drug therapy regimen of a patient by one or more pharmacists for the purpose of evaluating and rendering advice to one or more practitioners regarding adjustment of the regimen.

  • Procurement Management means the Director of Lee County’s Procurement Management Department or designee.

  • Asset Management is a principle/practice that includes planning processes, approaches, plans, or related documents that support an integrated lifecycle approach to the effective stewardship of infrastructure assets to maximize benefits and effectively manage risk.

  • Commissioner-General means the Commissioner-General appointed under the Zambia Revenue Authority Act;

  • Records management Administration of official government records (record linking/association, record storage/archival, document classification, document retirement, digital rights management).

  • Emergency management means lessening the effects of, preparations for, operations during, and recovery from natural, technological or human-caused disasters. These actions are broad in scope and include, but are not limited to: disaster plans, mitigation, preparedness, response, warning, emergency operations, training, exercising, research, rehabilitation, and recovery activities.

  • Management Group means at any time, the Chairman of the board of directors, the Chief Executive Officer, the President, any Managing Director, Executive Vice President, Senior Vice President or Vice President, any Treasurer and any Secretary of Holdings or other executive officer of Holdings or any Subsidiary of Holdings at such time.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999 between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If it is determined that the Michigan economic development corporation is unable to perform its duties under this act, those duties shall be exercised by the Michigan strategic fund.

  • Medical examiner means a physician with training in aviation medicine and practical knowledge and experience of the aviation environment, who is designated by the Authority to conduct medical examinations of fitness of applicants for licences or ratings for which medical requirements are prescribed;

  • Case management means a care management plan developed for a Member whose diagnosis requires timely coordination. All benefits, including travel and lodging, are limited to Covered Services that are Medically Necessary and set forth in the EOC. KFHPWA may review a Member's medical records for the purpose of verifying delivery and coverage of services and items. Based on a prospective, concurrent or retrospective review, KFHPWA may deny coverage if, in its determination, such services are not Medically Necessary. Such determination shall be based on established clinical criteria and may require Preauthorization.

  • Environmental Management Framework and “EMF” mean the framework of the Borrower for the management of social and environmental aspects of the Project dated April 24, 2007 and disclosed to the public on even date therewith, as may be amended from time to time with the prior approval of the Bank.

  • Virginia Stormwater Management Program authority or "VSMP authority" means an authority approved by the State Board after September 13, 2011, to operate a Virginia Stormwater Management Program.

  • COVERED HEALTHCARE SERVICES means any service, treatment, procedure, facility, equipment, drug, device, or supply that we have reviewed and determined is eligible for reimbursement under this plan.

  • UCITS management company means a management company as defined in Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS)1;

  • Natural resources means all land, fish, shellfish, wildlife, biota,

  • PJM Management means the officers, executives, supervisors and employee managers of PJM.

  • Natural Resource or “Natural Resources” shall mean land, fish, wildlife, biota, air, water, ground water, drinking water supplies, and other such resources, belonging to, managed by, held in trust by, appertaining to, or otherwise controlled by the United States or the State.

  • Appraisal management services means one or more of the following:

  • Air Standards Manager means the Manager, Human Toxicology and Air Standards Section, Standards Development Branch, or any other person who represents and carries out the duties of the Manager, Human Toxicology and Air Standards Section, Standards Development Branch, as those duties relate to the conditions of this Certificate.

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Health and Human Services Commission or “HHSC” means the administrative agency established under Chapter 531, Texas Government Code, or its designee.

  • Management Authority means a national management authority designated in accordance with Article IX;

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) replaced by The Companies Act, 2013 (No. 18 of 2013) and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund;

  • State Management Committee means a Committee comprising representatives from the Confederation of Western Australian Industry, the Trades and Labor Council of Western Australia, Technical and Further Education (TAFE) and the relevant Federal and State Government Departments which approve traineeship arrangements by agreement of each of the parties. The State Management Committee may be established pursuant to the provisions of the Industrial and Commercial Training Act, 1975 or any amendment to or substitution of that Act, provided that any Committee or body established in lieu of the State Management Committee has the same representatives structure and decision making processes as that Committee.

Most Referenced Clauses

Most Referenced Definitions