Normal course of business definition

Normal course of business means any operation or activity that represents a daily and common activity, carried out on a reasonable and professional basis, in conformity with past practices and procedures, and applicable Law in force, not subject to approval by the shareholders’ meeting, partners’ meeting, board of directors, executive board’s meeting or similar bodies.
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Normal course of business means those acts which are engaged in by a business firm with a view toward winning financial gain, or those acts which are performed by a business firm in the conduct of the business firm as a business.
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Normal course of business means a transaction that is related to the transfer, sale, assignment, or encumbrance of assets and that satisfies any 1 of the following criteria:
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Examples of Normal course of business in a sentence

  • Normal course of business (§ 1005.30(f)(2))Whether you provide remittance transfers in the normal course of business depends on the facts and circumstances, such as the total number and frequency of transfers that you provide.

  • Normal course of business and protocol required that SPTC would engage with the relevant officials at the Ministry for matters pertaining to major investments, divestment or disposal of assets.

  • Independent sourceEffective controlsEvidence obtained directly by auditor Written evidenceOriginal documents Normal course of business Informed management Evidence about the future–––Maximum marks 4–––(b) (i) Responsibilities of those charged with governance1/2 mark for identification of responsibility and a further 1/2 if adequately described, but maximum 2.

  • Related party transactions 20a Normal course of business Several Directors of The Australian Council for Educational Research Limited hold a position with organisations with whom ACER conducts business.

  • Normal course of business is defined as a daily activity undertaken by your organization that does not include housing only.


More Definitions of Normal course of business

Normal course of business means an action/activity that is consistent in nature, scope and magnitude with the past practices of the Group and is taken in the ordinary course of the normal day-to-day operations in FMCG retail/wholesale, e.g. buying, transporting, producing, storing and reselling of goods through online, retail and/or wholesale outlets.
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Normal course of business means those acts which are engaged in by a business firm with a view
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Normal course of business means the carrying on of the Business in the ordinary and usual course and in a manner consistent with recent past practice, including as to nature and scope of the Business.
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Normal course of business means any operation or action that represents a daily and common
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Normal course of business when used in reference to a particular Person (except BPLP) means the normal course of business of such Person and, when used in reference to BPLP, means actions or business consistent with the BPLP Business Plan and Good Utility Practices.
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Normal course of business means the ordinary and necessary routine involved in the efficient carrying out of the instructions of a principal;
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Normal course of business means the set of activities that, by its nature, finality or execution form, is necessary for achieving the business purpose of the Person in question, taking into account the continuity of said activities in accordance with their usual levels and standards and without any interruption, as long as they are: (i) performed in the normal and ordinary course, in a careful manner, without any material change or interruption in relation to the nature, means and goals of their activities; (ii) consistent, in their nature, form, purpose and manner of execution, with the activities that are expected to be conducted by such Person; (iii) consistent, in their nature, finality and form of performance, with the activities of a Person of similar size engaged in a similar area of business; and (iv) performed in conformity with Applicable Law.
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