Corporatization definition
Corporatization means the succession of a recognized stock exchange, being a body of individuals or a society registered under the Societies Registration Act, 1860 (21 of 1860), by another stock exchange, being a company incorporated for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities carried on by such individuals or society mentioned in Section. 2(aa)The Securities Contracts (Regulation) Act, 1956 (Act 42 of 1956).
Corporatization means recognizing that the health care facility must be governed according to the business company principles. The recognition of the healthcare facility as a company implies that the management activities must be geared towards a fundamental principle of the economic
Corporatization means separating a Government business from a Government or department and establishing it as a State Economic Enterprise (SEE) incorporated under the Myanmar Companies Law or Special Companies Act.
Examples of Corporatization in a sentence
If the Corporatization Transaction occurs prior to the Closing Date, as of the Closing Date, Buyer Parent is duly licensed or qualified to do business as a foreign corporation in all jurisdictions in which it carries on business or owns assets and such qualification is required by Law except where the failure to be so qualified would not have a material adverse effect upon the ability of Buyer Parent to consummate the transactions contemplated by this Agreement or perform its obligations hereunder.
Corporatization of Chittagong and Sylhet area electricity distribution companies to improve enterprise performance, drawing on recommendations of the corporatization model developed under the detailed design work.