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of <h1>Regulation 15 Defines Key Terms for Ownership in Stock Exchanges and Clearing Corporations Under Various Indian Acts</h1> Regulation 15 of the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2012, provides definitions for terms used in Chapter IV concerning the ownership of stock exchanges and clearing corporations. It defines 'banking company' as per the Banking Regulation Act, 1949, 'insurance company' according to the Insurance Act, 1938, 'person resident in India' as per the Foreign Exchange Management Act, 1999, and 'person resident outside India' also as per the Foreign Exchange Management Act, 1999. These definitions are crucial for understanding the regulatory framework governing stock exchanges and clearing corporations.
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