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        SEBI

        Regulation 15 - Definitions

        Securities Contracts (Regulation) (Stock Exchanges And Clearing Corporations) Regulations, 2012
        Chapter IV
        OWNERSHIP OF STOCK EXCHANGES AND CLEARING CORPORATIONS

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        Definitions of key entities clarify ownership rules for stock exchanges and clearing corporations by statutory cross reference. Regulation 15 fixes meanings for key entities under Chapter IV on ownership of stock exchanges and clearing corporations by cross reference: banking company and insurance company adopt their statutory definitions from the Banking Regulation Act and the Insurance Act respectively, while person resident in India and person resident outside India adopt their meanings from the Foreign Exchange Management Act.
                          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 key entities clarify ownership rules for stock exchanges and clearing corporations by statutory cross reference.

                                Regulation 15 fixes meanings for key entities under Chapter IV on ownership of stock exchanges and clearing corporations by cross reference: banking company and insurance company adopt their statutory definitions from the Banking Regulation Act and the Insurance Act respectively, while person resident in India and person resident outside India adopt their meanings from the Foreign Exchange Management Act.


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