Public Sector undertaking definition

Public Sector undertaking. A Sector Undertaking (PSU) means a company in which not less than fifty- one per cent of the paid-up share capital is held by either the Central Government, or by any State Government (s) or partly by the Central Government and partly by one or more State Governments and includes a company which is a subsidiary of a Government company as thus defined. or A PSU is a company in which the Central Government or one or more State Government (s) either singly or together, exercise control over management or exercise power to appoint majority of directors.

Public Sector undertaking means a target company in which, directly or indirectly, majority of shares or voting rights or control is held by the Central Government or any State Government or Governments, or partly by the Central Government and partly by one or more State Governments;

Public Sector undertaking means any corporation established by or under any Central, State or Provincial Act or a Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956) which is owned, controlled or managed by the Central Government.]

Examples of Public Sector undertaking in a sentence

• That we have not been black listed by any State Government, Central Government or any other Public Sector undertaking or a Company or any other Autonomous Organization of Central or State Government as on the date of submission of the bid.

• The Public Sector undertaking of the Central/State Govt./MSEs/MSME/Registered with Central Purchase Organization are exempted from furnishing Earnest Money along with tender, subject to submission of its valid proof.

• An ex-serviceman who once joined a Government job on civil side after availing of the benefits given to him as an Ex-Serviceman for his re-employment, including a job in the Public Sector undertaking, ceases to enjoy ex-servicemen status for further employment.

• Purchase preference to Central Public Sector undertaking shall be applicable as per the directive of Govt.

• Organization/ Public Sector undertaking (PSU’s) are only eligible to participate in the Bid.

More Definitions of Public Sector undertaking

Public Sector undertaking. A Sector Undertaking (PSU) means a company in which not less than fifty-one per cent of the paid- up share capital is held by either the Central Government, or by any State Government

Public Sector undertaking means a Corporation established by or under a Central or State Act which is owned or managed by the Central Government or a State Government and includes a company in which not less than fifty-one percent of the paid-up share capital is held by the Central Government or by any State Government or partly by the Central Government and partly by one or more State Governments relating to -

Public Sector undertaking means any corporation established by or under any Central, State or Provincial Act which is owned, controlled or managed by the Government, or a Government company as defined under clause (45) or section 2 of the Companies Act, 2013;

Public Sector undertaking means a public sector undertaking specified in the Schedule to this Act; Short title and commencement. Definitions.

Public Sector undertaking means a company in which the Central Government holds 50 per cent or more of its equity capital or is in control of the company.”

Public Sector undertaking means an enterprise that has all the following characteristics:

Public Sector undertaking. A Sector Undertaking (PSU) means a company in which not less than fifty-one per cent of the paid-up share capital is held by either the Central Government, or by any State Government (s) or partly by the Central Government and partly by one or more State Governments and includes a company which is a subsidiary of a Government company as thus defined. or A PSU is a company in which the Central