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        SEBI

        Regulation 15 - Definitions

        Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018
        Chapter IV
        OWNERSHIP OF STOCK EXCHANGES AND CLEARING CORPORATIONS

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        Definitions of regulated entities frame ownership scope of stock exchanges and clearing corporations under securities regulations. Regulation 15 fixes the definitional framework for ownership of stock exchanges and clearing corporations by importing statutory meanings: banking company (Banking Regulation Act), insurance company (Insurance Act), person resident in India and person resident outside India (Foreign Exchange Management Act), and public financial institution (Companies Act), thereby aligning the Chapter's ownership controls with existing sectoral statutory definitions.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Definitions of regulated entities frame ownership scope of stock exchanges and clearing corporations under securities regulations.

                              Regulation 15 fixes the definitional framework for ownership of stock exchanges and clearing corporations by importing statutory meanings: banking company (Banking Regulation Act), insurance company (Insurance Act), person resident in India and person resident outside India (Foreign Exchange Management Act), and public financial institution (Companies Act), thereby aligning the Chapter's ownership controls with existing sectoral statutory definitions.


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