Lakhs definition

Lakhs. , ‘Lac’ or ‘Lacs’, means ‘One hundred thousand’ and the word ‘Million’ means ‘Ten lakh’ and the word ‘Crore’ means ‘Ten Million’ and the word ‘Billion’ means ‘One Thousand Million’.
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Examples of Lakhs in a sentence

  • For contracts of value above Rs.100 Lakhs, the limit of retention money shall be Rs.7.5 lakhs plus 5% of the value exceeding Rs.100 lakhs.

  • As per Section 194 of Income Tax Act (as amended time to time), if property is sold above 50 Lakhs then buyer will have to pay appropriate TDS to the Government treasury and the TDS certificate has to be deposited in the Bank.

  • However, in case EMD exceeds Rs.5 Lakhs, tenderers have the option to submit the same in the form of Bank Guarantee (In the format as enclosed to the GCC) from any Scheduled Commercial Bank, encashable at Visakhaptnam.

  • Exemption of small purchases: Procurements where the estimated value to be procured is less than Rs 5 (Five) Lakhs shall be exempt from above.FAILURE TO SUBMIT THE ABOVE DOCUMENTS MAY RENDER A TENDER UNACCEPTABLE.

  • For deposit beyond Rs. 1.00 Lakhs: Bank Guarantee issued by Scheduled bank of jointly, severally bound with the Contractor to the purchaser for the amount same above.

  • Performance rating data Sheet for each and every Vendor/ Supplier/Contractor/ Consultant for all orders/Contracts with a value of Rs. 7 Lakhs and above is recommended to be drawn up.

  • However, there will not be any charges towards e- procurement fund in case of works with ECV less than and up to Rs.10 Lakhs.

  • However, there will not be any charges towards e-procurement fund in case of works with ECV less than and up to Rs.10 Lakhs.

  • The District is not bound by any oral representation, clarifications, or changes made in the written specifications by the District's employees, unless such clarification or change is provided to bidders in written addendum from an authorized representative of the District.

  • A part of earnest money is acceptable in the form of bank guarantee also, when the amount of Earnest money is more than ₹ 5.00 Lakhs.

Related to Lakhs

  • lakh means a hundred thousand (100,000) and “crore” means ten million (10,000,000);

  • crore means "ten million" and a "lakh" means a "hundred thousand".

  • Rupees Rs.", “” shall mean Indian rupees, the lawful currency of India;

  • Ringgit Malaysia “RM” The lawful currency of Malaysia.

  • Indian Rupees or “Rs.” shall mean the mean the currency of the Government of India.

  • INR means Indian Rupees

  • SEK means the lawful currency of Sweden.

  • Hong Kong Dollars means the lawful currency of Hong Kong.

  • KRW means Korean Won, the lawful currency of South Korea;

  • Rupee Rupees”, “Rs” or new rupee symbol “ ” shall denote Indian Rupees, the lawful currency of India;

  • Renminbi or “RMB” means the lawful currency of the PRC.

  • Square feet or "square foot" as used in this Lease includes the area contained within the leased premises together with a common area percentage factor of the leased premises proportionate to the total building area.

  • Rupiah or "Rp" means the currency of the Borrower;

  • Hong Kong Dollar means the lawful currency of Hong Kong.

  • Singapore Dollars means the lawful currency of Singapore.

  • HK$ Hong Kong dollars, the lawful currency of Hong Kong;

  • British Pounds Sterling means the lawful currency of Great Britain.

  • Pound Sterling means the lawful currency of the United Kingdom.

  • SGD means Singapore Dollars, the lawful currency of the Republic of Singapore;

  • HKD means Hong Kong dollars.

  • Criminal street gang means any ongoing organization,

  • Halfway house means a facility licensed by the division of parole and community services of the department of rehabilitation and correction pursuant to section 2967.14 of the Revised Code as a suitable facility for the care and treatment of adult offenders.

  • Pounds means the lawful currency of the United Kingdom.

  • Area Median Income means the most recent applicable county median family income published by the California Tax Credit Allocation Committee.

  • Rentable Square Feet as used in the Lease will be deemed to include: (a) with respect to the Premises, the usable area of the Premises determined in accordance with the Method for Measuring Floor Area in Office Buildings, ANSI Z65.1-1996 (the "BOMA Standard"), plus a pro rata portion of the main lobby area on the ground floor and all elevator machine rooms, electrical and telephone equipment rooms and mail delivery facilities and other areas used by all tenants of the Building, if any, plus (i) for single tenancy floors, all the area covered by the elevator lobbies, corridors, special stairways, restrooms, mechanical rooms, electrical rooms and telephone closets on such floors, or (ii) for multiple tenancy floors, a pro-rata portion of all of the area covered by the elevator lobbies, corridors, special stairways, restrooms, mechanical rooms, electrical rooms and telephone closets on such floor; and (b) with respect to the Building, the total rentable area for all floors in the Building computed in accordance with the provisions of Subparagraph 1(a) above. In calculating the "Rentable Square Feet" of the Premises or the Building, the area contained within the exterior walls of the Building stairs, fire towers, vertical ducts, elevator shafts, flues, vents, stacks and major pipe shafts will be excluded.

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