Define: Public Sector Undertaking

How is Public Sector Undertaking defined in a legal contract?

• Public Sector Undertaking means a business entity in which more than fifty-one per cent of the equity share capital is held either by the Central Government, or by any State Government(s), or partly by the Central Government and State Governments. Additionally, this definition includes entities which are subsidiaries of such government-held companies. Seen in 54 SEC filings
• Public Sector Undertaking means an establishment where the Central Government, or one or more State Government(s), either individually or jointly, exercise managerial control or the ability to appoint the majority of directors. Seen in 12 SEC filings
• Public Sector Undertaking means a corporation that is established by Central, State or Provincial legislation, or a government company as defined in section [clause] of the Companies Act, 1956 (1 of 1956) which is owned, controlled or managed by the Central Government. Seen in 3 SEC filings
• Public Sector Undertaking means a company in which the Central Government holds fifty percent or more of its equity capital or has control over the operations of the company. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of public sector undertaking' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Public Sector Undertaking means a business where [Central or State Government] owns or controls the majority equity.

Relevant Contract Types

• Partnership Agreement
• Supply Contract
• Service Agreement
• Subcontractor Agreement

Relevant Circumstances

• Formation of new business entities with government involvement
• Collaboration between private sector and government entities
• Public-private partnerships
• Contracts involving provision of goods and services to government entities

Relevant Sectors

• Public Administration
• Construction
• Healthcare
• Manufacturing

Genie Definition 1

Public Sector Undertaking (PSU) means an entity established by [Governing Law], owned or directed by [Government].

Relevant Contract Types

• Construction Contract
• Consultancy Agreement
• Research and Development Contract
• Professional Service Agreement

Relevant Circumstances

• Joint ventures involving government entities
• Projects requiring establishment of a separate entity under governing law
• Contracts engaging professional services for government entities
• Public-private partnerships

Relevant Sectors

• Energy
• Education
• Transportation and Infrastructure
• Defense

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