Examples of Teckal Company in a sentence
The Council has established a Teckal Company delivering in that similar space.
Based on the ability to provide the Best Value for the Council as outlined in the financial appraisal then it is recommended that Environmental Services and Highways are insourced as a Teckal Company.
Appendix B identifies the options appraisal for if insourcing the service for either bringing the service in as a DSO (Direct Services Organisation also known as a DLO – Direct Labour Organisation) or a Teckal Company.
Furthermore, they are requested to review the recommendation that if the service is agreed to be brought in-house that the recommendation be for the Teckal Company vehicle.
The provisions of an initial Business Plan (or Plans) for the Companies.3 Agree to the transfer on the Transfer Date of all Direct Services staff engaged in service delivery immediately prior to the Transfer Date to the Teckal Company in accordance with all relevant employment law protecting terms and conditions of employment including pension, and for this to be reflected in the contract.
The transfer of Direct Services will consequentially mean that Direct Services staff engaged in service delivery immediately prior to the transfer date will transfer across to the Teckal Company.
The Company shall not exercise any rights it may have as a shareholder of any Teckal Company or Trading Company otherwise than as directed by the Council.
The Teckal Company Business Plan and the Trading Company Business Plan will be presented to the Shareholder for comment and approval.
Statutory services within the Teckal Company are unlikely to be subject to corporation tax.
Currently the trading company was dormant and all work was being conducted through the Teckal Company.