ACTSL definition

ACTSL means Ajmer City Transport Services Limited represented by its Managing Director or any authorized personnel.
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ACTSL. /”Authority” shall mean Amritsar City Transport Service Ltd (ACTSL).
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Examples of ACTSL in a sentence

  • ACTSL has conceived and is operating 35 standard size non A/ c buses on sub-urban routes in Ajmer to provide an efficient and comfortable city transportation service.

  • ACTSL shall wit hin 14 days of this Agreement constitute a Steering Group comprising such persons as it deems fit which shall include 1 (one) representative of the Concessionaire nominated by it within 7 days of signing of this Agreement .

  • Such liquidated damages shall be paid by the Concessionaire within 7(seven) days of notice being received from ACTSL failing wh ich ACTSL shall recover the amount from the Performance Security available with it.

  • One month before the expiry of performanc e security, the Concessionaire shall furnish to ACTSL a fresh performance security in the form of Bank Guarantee, as above, for a like amount with a validity of 12 (twelve) months.

  • The balance unrecovered amount, if any, shall be paid by the Concessionaire to ACTSL along with the Concession Fee payable for the last quarter.

  • Concessionaire shall indemnify ACTSL from any claims in this regard and submit certificates with details of PF and ESI deposited for each of its employee (and employees of its Concessionaires for which ACTSL is likely to be Principle Employer under this Contract) every quarter.

  • In terms of Article 3.1(a) of the Concession Agreement , the Company is required to furnish to ACTSL, an unconditi onal and irrevocable bank guarantee for an amount of …………………….

  • The Concessionaire shall, for due and punctual performance of its obligations under this Agreement, deliver to ACTSL, simultaneously with the execution of this Agreement a bank guarantee from a Sch eduled Commercial Bank (licensed by RBI) pledged in favour of MD, ACTSL for a sum equivalent to 10% of the accepted bid amount for that particular year for number of buses as specified in contract.

  • The Concessionaire in the event of delay till 90 days shall be accorded an opportunity to pay concessi on fee with interest @ 18 (eighteen) percent per annum to ACTSL.

  • The Concessionaire agrees that ACTSL shall be absolved of all responsibilities in this regard and any civil or criminal liability due to the contents and presentation of the advertisement shall be solely borne by the Concessionaire.

Related to ACTSL

  • Acts means the Companies Acts (as defined in section 2 of the Companies Act 2006), in so far as they apply to the Company;

  • Act means the Securities Act of 1933, as amended.

  • civil servant means a person who is a member of a civil service of the Province, or who holds a civil post in connection with the affairs of the Province, but does not include-

  • Intentional Wrongdoing means an act or omission taken or omitted by a Party with knowledge or intent that injury or damage could reasonably be expected to result.

  • Supervised Persons for purposes of this Code means: