BEE owned company definition

BEE owned company means a BEE owned company as defined in Schedule 1 to the BEE Codes;
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BEE owned company means juristic person, having share holding or similar members interest, that is BEE controlled, in which black participants enjoy a right to Economic interest that is more than 50% of the total such rights measured using the Flow through Principle;
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BEE owned company means a juristic person, having shareholding or similar members interest, in which black scheme participants enjoy economic interests or exercisable voting rights of an amount or value specified in the rules of the BEE Ownership Scheme, and where no amount or value has been specified in the rules of the BEE Ownership Scheme, ‘BEE Owned Company’ has the same meaning as defined in Schedule 1 of the BEE Codes;
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Examples of BEE owned company in a sentence

  • CLS ELECTRICAL COMPANY PROFILECLS ELECTRICAL COMPANY PROFILE | 1 ABOUT US CLS Electrical is a multi-disciplinary, 100% BEE owned company based in Gauteng and KwaZulu-Natal.CLS Electrical interacts, networks and engages in joint ventures with other organisations and companies with a view to skills transfer and to form business linkages with complementary professionals on multi-disciplinary projects.

  • The process for implementation of the public transport plan NM Bay Metropolitan Municipality which will facilitate the transformation of Algona Bus Company into a proper BEE owned company has commenced.This process is in support of the 2010 Fifa World Cup.

  • For example, if HDSAs own 40 per cent of Company A, which owns 40 per cent of Company B, which in turn, owns 80 per cent of Company C, the application of the flow-through principle will result in Company B being 16 per cent HDSA owned (40 per cent of 40 per cent) and Company C being 12,8 per cent HDSA owned (80 per cent of 16 per cent9 The modified flow through principle, according to the BEE Codes, applies to any "BEE owned company" and/or any "BEE controlled company".


More Definitions of BEE owned company

BEE owned company means a BEE owned company as defined in the BEE Codes;
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BEE owned company means a juristic person, having shareholding or similar member's interest, that is BEE controlled, in which Black Participants enjoy a right to economic interest in an amount specified in the rules of the relevant BEE Ownership Scheme. 7
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Related to BEE owned company

  • Business entity means a natural or legal person, business corporation, professional services corporation, limited liability company, partnership, limited partnership, business trust, association or any other legal commercial entity organized under the laws of this State or of any other state or foreign jurisdiction;

  • Company Subsidiary means any Subsidiary of the Company.

  • Company Owned Real Property has the meaning set forth in Section 3.16.

  • Company Owned IP means all Intellectual Property rights owned or purported to be owned by the Company or any of the Company Subsidiaries.

  • Wholly-Owned means, with respect to a Subsidiary of a Person, a Subsidiary of such Person all of the outstanding Equity Interests of which (other than (x) director’s qualifying shares and (y) shares issued to foreign nationals to the extent required by applicable Law) are owned by such Person and/or by one or more wholly-owned Subsidiaries of such Person.

  • Wholly Owned Subsidiary means any Subsidiary of a Person in respect of which all of the Equity Interests (other than, in the case of a corporation, directors’ qualifying shares) are at the time directly or indirectly owned or controlled by such Person or one or more other Subsidiaries of such Person or by such Person and one or more other Subsidiaries of such Person.

  • Wholly Owned Domestic Subsidiary means a Wholly Owned Subsidiary that is also a Domestic Subsidiary.