Transferred Undertaking definition

Transferred Undertaking means and includes the whole of the undertaking of the Transferor Company together, as on the Appointed Date (further details of which are set out in Paragraph 3.2. thereof), and includes:

Transferred Undertaking means and includes :

Transferred Undertaking means the undertaking of Transferor Company (post Amalgamation of Amalgamating Company) together with its business and operations pertaining to its cement and refractory operations and power, rail and solid waste management systems and comprising of, inter alia, all the assets (including goodwill,&other intangible assets recorded by Transferor Company upon Scheme 1 becoming effective along with Goodwill having underlying Intangible Assets),liabilities and employees, which relate thereto, or are necessary thereforeas on the Appointed Date on a going concern basis,including but not limited to the following:

Examples of Transferred Undertaking in a sentence

• All books, records, files, papers, engineering and process information, catalogues, quotations, advertising materials, if any, lists of present and former clients, whether in physical or electronic form, pertaining to the Transferred Undertaking of Transferor Company, to the extent possible and permitted under Applicable Laws, be handed over by them to Transferee Company.

• Accordingly, relevant extract of the said letters are attached hereto as Schedule 3 andSchedule 4.Schedule 1Statement of Assets and Liabilities relating to the Transferred Undertaking The above assets and liabilities are transferred for a lump sum consideration of INR 227 Crs.

• Further, Transferee Company 1 shall be deemed to be authorized to execute any such deeds, writings or confirmations on behalf of Transferor Company and to implement or carry out all formalities required on the part of the Transferred Undertaking 1 of Transferor Company to give effect to the provisions of this Scheme.

• Upon the Scheme becoming effective, the Transferee Company 1 shall account for the Scheme as under:.12.ii.1. The Transferee Company 1 shall account for the transfer and vesting of the Transferred Undertaking 1 in its books of accounts as per the “Pooling of Interest Method” prescribed under the Indian Accounting Standard 103- “Business Combination” notified under Section 133 of the Act read with relevant rules issued thereunder and other applicable accounting standards prescribed under the Act.

• Notwithstanding the foregoing, it is hereby clarified that it is the intention of the Transferor Company and the Transferee Company 1 to transfer all assets and liabilities in relation to the Transferred Undertaking 1 as a “going concern” and that the provision of this clause 5.3 are interim in nature and are not intended to alter the nature of the transaction, as contemplated under this scheme .

More Definitions of Transferred Undertaking

Transferred Undertaking means and includes the whole of the undertaking of Transferor Company, as on the Appointed Date and includes (without being limited to) the following:

Transferred Undertaking means the business undertaking of the Seller on a going concern basis as on the Accounts Date comprising their assets, rights, approvals, Liabilities, obligations, and employees as more particularly described below:

Transferred Undertaking means the Transferred Business of the Transferor Companywhich shall be transferred to the Transferee Company by the Transferor Company upon Slump Sale in terms of Part III of this Scheme on a going concern basis including, inter alia, all the assets and liabilities which relate to the Transferred Business, more particularly disclosed in Schedule 1 and including (without limitation) the following:

Transferred Undertaking means and includes the whole of the undertaking of the Transferor Company

Transferred Undertaking means a part of the undertaking of the State

Transferred Undertaking means the whole of the undertaking and the entire IP Business, including all its assets, investments, rights, approvals, licenses and powers, and all its debts, outstandings, liabilities, duties, obligations and employees pertaining to the IP Business as of the Appointed Date 3 including, but not in any way limited to, the following:

Transferred Undertaking means Transferor Company’s entire undertaking, business, activities and operations pertaining to the HCIC, including all movable properties and liabilities, of whatsoever nature and kind and wheresoever situated, of the Transferor Company, including the units, whether in a SEZ or otherwise, pertaining to HCIC, including the branches and offices, whether Indian or foreign, pertaining to HCIC. The term Transferred Undertaking shall include the following:-