Explanation 2 definition
Explanation 2. The term “significant transaction or arrangement” shall mean any individual transaction or arrangement that exceeds or is likely to exceed 10% of the total revenues or total expenses or total assets or total liabilities, as the case may be, of the material unlisted subsidiary for the immediately preceding accounting year. Explanation 3: Where a listed holding company has a listed subsidiary which is itself a holding company, the above provisions shall apply to the listed subsidiary insofar as its subsidiaries are concerned.
Explanation 2. A member will be considered to have accounting or related financial management expertise if he or she possesses experience in finance or accounting, or requisite professional certification in accounting, or any other comparable experience or background which results in the individual’s financial sophistication, including being or having been a chief executive officer, chief financial officer or other senior officer with financial oversight responsibilities.
Explanation 2. Outstanding dues shall mean and include any amount accrued/due against the licensee under this or any other agreement at any of AAI airport or airport premises.
Examples of Explanation 2 in a sentence
According to Explanation 2 of Section 25, the inadequacy of the consideration may be taken into account by the court in determining the question, whether the consent of the promisor was freely given.
According to Explanation 2 to Section 25 of the Indian Contract Act, 1872, an agreement to which the consent of the promisor is freely given is not void merely because the consideration is inadequate, but the inadequacy of the consideration may be taken into account by the Court in determining the question whether the consent of the promisor was freely given.
File of Annexure l-A filed under Explanation 2 to Rule III of Andhra Pradesh Prevention of Undervaluation Rules shall be preserved for 12 years.
More Definitions of Explanation 2
Explanation 2. With respect to any discrepancy in areas mentioned in the final OC plans of the Apartment, the Allottee/s hereby accepts that the Promoter’s contractual obligation is limited to providing the Carpet area as mentioned herein
Explanation 2. The Delivered Energy in a Billing Month shall be limited to the energy calculated based on the Contracted Capacity in KW multiplied with number of hours and fraction thereof, the Project is in operation during that Billing Month. Explanation 3: The Delivered Energy shall be purchased by the DISCOM at a tariff for that year stipulated in Article 2.2 of this Agreement upto 25% CUF. The Delivered Energy beyond the 25% CUF may be purchased from the solar power developer (SPD) by the DISCOM at 50% of the tariff for that Tariff Year as per the Article 2.2 of the Agreement.
Explanation 2. The Delivered Energy in a Billing Month shall be limited to the energy calculated based on the Contracted Capacity in KW multiplied with number of hours and fraction thereof, the Project is in operation during that Billing Month.
Explanation 2 existing population” means the population projected for the year in which the constitution of the municipality is being considered as per the following formula, namely:-
Explanation 2. In case the IPP choses to supply a portion of power to Discom, the provisions of clauses 5.7 to clause 5.10 shall apply mutatis mutandis.
Explanation 2. With respect to any discrepancy in areas mentioned in the final OC plans of the Villa, the Allottee/s hereby accepts that the Promoter’s contractual obligation is limited to providing the Carpet area as mentioned herein.
Explanation 2. The delivered energy in a Billing Month shall be limited to the energy calculated based on the Capacity agreed for export to network for sale to DISCOM as mentioned in Preamble and Schedule – 1, multiplied with number of hours and fraction thereof the project is in operation during that billing month. In case any excess energy is delivered no payment shall be made for the same. Explanation 3: The Delivered Energy will be equal to energy recorded by the individual meter at Project’s switchyard minus apportioned line losses from Project’s switchyard to HV side of Pooling Substation and shall be calculated as per the formula mentioned below: