Define: Urban Local Body (ULB)
Urban Local Body (ULB) means an officially recognized municipal body
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Urban Local Body (ULB) means an officially recognized municipal body.
Relevant Circumstances
- When a contract is entered into with a recognised municipal authority
- If statutory powers of a local body shape what can be agreed commercially
- Where public-procurement or transparency rules apply to the engagement