Demerged Undertaking definition

Demerged Undertaking means the Premium Brands Business of the Demerged Company and includes related assets, liabilities, rights and powers, on a going concern basis, representing an undertaking in compliance with Sec. 2(19AA) of the Income Tax Act, as on the Appointed Date, which shall be transferred and vested with the Resulting Company upon Demerger by the Demerged Company in terms of this Scheme. Without prejudice and limitation to the generality of the above, the Demerged Undertaking means and includes,:

Demerged Undertaking means the entire undertaking of HFRL pertaining to its Retail Undertaking and includes:

Demerged Undertaking means the business, undertaking, and properties, of whatsoever nature and kind and wheresoever situated, in each case, forming part of or necessary or advisable for the conduct of, or the activities or operations of, the Power Grids Business as a going concern, including but not limited to, the following:

Examples of Demerged Undertaking in a sentence

• RHPL undertakes that for the purpose of payment of any retrenchment compensation, gratuity and other terminal benefits to the Employees of the Demerged Undertaking, the past services of such Employees of the Demerged Undertaking shall also be taken into account and it shall pay the same accordingly, as and when such amounts are due and payable.

• RHPL shall continue to abide by any agreement(s) / settlement(s) entered into / by AHEL with any of the Employees of the Demerged Undertaking prior to the Appointed Date and from the Appointed Date till Effective Date.

• All Deposits and Balances of the Demerged Undertaking shall stand transferred to and vested in RHPL.

• All Books and Records of the Demerged Undertaking shall stand transferred to and vested in RHPL.

• For the avoidance of doubt, it is clarified that investments of the Demerged Undertaking shall, pursuant to Sections 230 to 232 of the 2013 Act and the provisions of this Scheme, without any further act or deed, be transferred to and vested in or be deemed to have been transferred to and vested in RHPL with effect from the Appointed Date.

More Definitions of Demerged Undertaking

Demerged Undertaking means the entire General Insurance Business of the Demerged Company as a going concern as on the Appointed Date, including, without limitation all undertakings, activities, operations, assets, investments, rights, approvals, licenses and powers, leasehold rights and all its debts, outstandings, liabilities, duties, obligations and employees, in each case pertaining to the Demerged Company but excluding at all times the Residual Undertaking. Without prejudice to the generality of the foregoing, the Demerged Undertaking shall include, without being limited to, the following:

Demerged Undertaking means the ‘Automotive/Tractor/Engineering Components Business Undertaking’ of the Demerged Company, which shall include business, activities and operations pertaining to the ‘Automotive/Tractor/Engineering Components (hereinafter also referred to as ‘Automotive/Tractor/Engineering Components Business Undertaking’)of the Demerged Company on a going concern basis, and shall mean and include, without limitation:

Demerged Undertaking means the entire Consumer Products Business, as a going concern as of the Appointed Date, including all its assets, investments, rights, approvals, licenses and powers, leasehold rights and all its debts, outstandings, liabilities, duties, obligations and employees in each case pertaining exclusively and solely (other than in relation to items set out in (g) and (i) below and unless otherwise mutually determined by the Board of Directors of the Demerged Company and the Resulting Company) to the Consumer Products Business and including, but not in any way limited to, the following:

Demerged Undertaking means the entire activities, operations, business division and undertaking of the Demerged Company pertaining to the E-Commerce and Logistics business which is being transferred to the Resulting Company on a going concern basis along with all related assets, liabilities, employees, rights, powers, of whatsoever nature and kind, and wheresoever situated, and shall include (without limitation) in particular the following –

Demerged Undertaking means the undertakings, businesses, activities and operations pertaining to the Diversified Business of the Demerged Company, on a going concern basis, and shall mean and include, without limitation, the following:

Demerged Undertaking means the undertaking of the Transferor Company comprising its investments in other companies and the assets which are not used or connected with the manufacture of building materials by the Transferor Company.

Demerged Undertaking means the entire undertaking of the Demerged Company pertaining to the FILA Business, as of the Appointed Date, and shall include (without limitation):