Home
About Us
Authorization
Accreditation
Philosophy & Mission
Code of Practice
Quality Assurance
Faculty
Programs
Admissions
Digital Library
Resources
Contact
Apply Online
Careers

Legal Status

Newport University CED is a Linked Enterprise of of L'Academie Europeenne d'lnformatisation (AEI) and the World Information Distributed University (WIDU) by signing a MoU, following European Commission (2003): The New SME Definition. User guide and model declaration. Enterprise and Industry Publications and work as an autonomous higher educational institute (HEI).

To know more about AEI, WIDU, NU Decree, License, Accreditation, Equivalence status of Degrees, Please Click

SME definition
User guide and model declaration
By European Commission

Article 3.3
(2.3.3 Am I a linked enterprise? (Art. 3.3))

This type of relationship corresponds to the economic situation of enterprises which form a group through the direct or indirect control of the majority of voting rights of an enterprise by another or through the ability to exercise a dominant influence on an enterprise. Such cases are, thus, less frequent than the two preceding types.

Definition

Two or more enterprises are linked when they have any of the following relationships:

– One enterprise holds a majority of the shareholders’ or members’ voting rights in another.
 
– One enterprise is entitled to appoint or remove a majority of the administrative, management or supervisory body of another.

– A contract between the enterprises, or a provision in the memorandum or articles of association of one of the enterprises, enables one to exercise a dominant influence over the other.

– One enterprise is able, by agreement, to exercise sole control over a majority of shareholders’ or members’ voting rights in another.

A typical example of a linked enterprise is the wholly-owned subsidiary.

Please see Page- 24, Chapter- 2 to know more in details about the LINKED ENTERPRISES status in the, European Commission (2003): The New SME Definition. User guide and model declaration. Enterprise and Industry Publications.
                                                      

Home :: About Us :: Faculty :: Programs :: Admissions :: Resources :: Contact :: Apply Online :: Careers