Fit and proper person definitions set the scope for intermediaries and prescribe cascading statutory meanings for regulatory use. Definitions frame the Criteria for Fit and Proper Person regulations by defining key terms-Act, Board, intermediary, 'relevant regulations,' and 'Schedule'-and by prescribing a cascading interpretive rule: undefined terms take their meanings from the Act, then the Securities Contracts (Regulation) Act, and thereafter the Companies Act to ensure consistent application of regulatory standards.
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.
Fit and proper person definitions set the scope for intermediaries and prescribe cascading statutory meanings for regulatory use.
Definitions frame the Criteria for Fit and Proper Person regulations by defining key terms-Act, Board, intermediary, "relevant regulations," and "Schedule"-and by prescribing a cascading interpretive rule: undefined terms take their meanings from the Act, then the Securities Contracts (Regulation) Act, and thereafter the Companies Act to ensure consistent application of regulatory standards.
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