Undertaking meaning in company law
WebApr 8, 2003 · Meaning of 'undertaking' Related Content Meaning of 'undertaking' On 4 March 2003 the Court of First Instance (CFI) delivered a judgment further developing the concept of "an undertaking" for the purposes of competition law. SNS purchased medical goods and equipment for Spanish hospitals from FENIN. Web: something (as cash or a written promise) deposited or given as security especially in a court Note: Undertakings are often required of one party during property actions (as for …
Undertaking meaning in company law
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WebEach of the promises made by the parties to a contract, considered independently and not as mutual, may. in this sense, be denominated an “undertaking.” “Undertaking” is frequently used in the special sense of a promise given in the course of legal proceedings by a party or his counsel, generally as a condition to obtaining some concession from … WebOct 11, 2024 · An undertaking is: • a statement, given orally or in writing (whether or not it includes the word 'undertake' or 'undertaking') • to someone who reasonably places …
WebAug 12, 2024 · Undertakings are a fundamental part of the practice of a solicitor and their importance cannot be stated too strongly. It is essential that they be observed whenever they are given and so should only be given when it is clearly possible for them to be honoured. Reliance upon undertakings is a key to the smooth running of many legal … WebThe Companies Act, 2013 (Act) does not define the term "undertaking". However, the explanation to Section 180 (1) contemplates a numerical definition of the term. The meaning of the expression "undertaking", for the purpose of Section 180 (1) (a), refers to an enterprise in which the investment of the company is more than twenty percent of its ...
WebAlso known as a parent undertaking. Broadly, for the purposes of the Companies Act 2006, an undertaking is a parent undertaking in relation to a subsidiary undertaking if it falls … WebUndertaking. A written promise offered as security for the performance of a particular act required in a legal action. In a criminal case, an undertaking of bail is security for the appearance of the defendant. In the event the defendant fails to appear, the amount …
Webundertaking noun [C] (IN VEHICLE) [ U ] UK the act of passing another vehicle that is going in the same direction as you by driving past it on the left side: Undertaking in itself isn't illegal, but you could face a fixed penalty notice for careless driving. Undertaking in the inside lane should be avoided wherever possible. More examples
WebThe meaning of UNDERTAKING is the act of one who undertakes or engages in a project or business. How to use undertaking in a sentence. ... a promise or pledge especially required by law. 2: ... chris summerfield plymouthWebUndertaking means any natural or legal person, whether profit-making or not, or any official body whether having its own legal personality or not; Indemnity Agreement means that certain Indemnity Agreement dated as of the Closing Date by Borrower and Indemnitor in favor of Lender. chris summers nflWeb1161 Meaning of “undertaking” and related expressions. (1) In the Companies Acts“undertaking” means—. (a) a body corporate or partnership, or. (b) an unincorporated … geology of bauchi stateWebMar 4, 2024 · Institution Definition. For the purpose of EU antitrust law, any entity engaged in an economic activity, that is an activity consisting in offering goods or services on a given market, regardless of its legal status and the way in which it is financed, is considered an undertaking. To qualify, no intention to earn profits is required, nor are ... chris summers hockeyWeb1 day ago · The Florida law bans abortions at six weeks but creates new exemptions for rape and incest up to 15 weeks of pregnancy. It does not change existing exemptions for life and the health of the mother ... chris summers swanseaWebApr 13, 2024 · As of 04/14/2024 text has not been received for H.R.2624 - To update the definition of an emerging growth company, and for other purposes. Bills are generally sent to the Library of Congress from GPO, the Government Publishing Office, a day or two after they are introduced on the floor of the House or Senate. chris summers phdWebDefinition. A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances. The behavior usually consists of actions, but can also consist of omissions when there is some duty to act (e.g., a duty to help victims of one's previous conduct).. Overview. Primary factors to consider in … chris summers marvel