Definitions

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.... required to be fully paid, mandatorily and fully convertible.]]  27[(iiA) 'Category I Alternative Investment Fund (Cat-I AIF)' means an Alternative Investment Fund registered under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 which raises money and invests in such funds or sectors or activities or areas in accordance with the said Regulations.]   30[(iiA) 'convertible note' means an instrument issued by a startup company evidencing receipt of money initially as debt, which is repayable at the option of the holder, or which is convertible into such number of equity shares of such startup company, within a period not exceeding five years from the date of issue of the convertible note, upon occurrence of specified events as per the other terms and conditions agreed to and indicated in the instrument.]     4[iia. 'entity incorporated outside India means an entity incorporated/registered under the relevant statutes, laws of the host country.]      8[(iib) 'preference shares' mean compulsorily and mandatorily convertible preference shares.]      9[(iic) 'd....

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....e date at a pre-determined price;]     23[(ii g) 'Investment Vehicle' shall mean an entity registered and regulated under relevant regulations framed by SEBI or any other authority designated for the purpose and shall include Real Estate Investment Trusts (REITs) governed by the SEBI (REITs) Regulations, 2014, Infrastructure Investment Trusts (InvIts) governed by the SEBI (InvIts) Regulations, 2014 and Alternative Investment Funds (AIFs) governed by the SEBI (AIFs) Regulations, 2012. ]      iii. 'registered Foreign Institutional Investor (FII)' means the foreign institutional investor registered with SEBI 14[Any foreign institutional investor who holds a valid certificate of registration from SEBI shall be deemed to be a registered foreign portfolio investor (RFPI) till the expiry of the block of three years];      1[iiia.'Foreign Venture Capital Investor' means an investor incorporated and established outside India which proposes to make investment in Venture Capital Fund(s) or Venture Capital Undertaking(s) in India and is registered with SEBI under SEBI (Foreign Venture Capital Investors) Regulations, 2000....

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....aving a different name, character and use; or (b) bringing into existence of a new and distinct object or article or thing with a different chemical composition or integral structure.]      25[ (viia) Non-Resident Indian (NRI) means an individual resident outside India who is citizen of India or is an 'Overseas Citizen of India' cardholder within the meaning of section 7 (A) of the Citizenship Act, 1955.]      viii 3(***)'Overseas Corporate Body  (OCB)', shall have the meanings respectively assigned to them in the Foreign Exchange Management (Deposit) Regulations, 2000;      13[(viiia) 'Qualified Foreign Investor' (QFI) means               (a) during the period from 9th day of August, 2011 to 15th day of July, 2012, a person who satisfied the following criteria at the relevant time,                     (i) resident of a country, that is compliant with the Financial Action Task Force (FATF) standards and is a signatory to the IOSCO's Multilateral ....

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.... Assistance" means Secretariat for Industrial Assistance in the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Govt. of India; 29[(xA) 'startup' shall mean an entity, incorporated or registered in India not prior to five years, with an annual turnover not exceeding INR 25 Crores in any preceding financial year, working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property, Provided that such entity is not formed by splitting up, or reconstruction of a business already in existence. For this purpose, (i) 'entity' shall mean a private limited company (as defined in the Companies Act, 2013), or a registered partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008). (ii) the expression 'turnover' shall have the same meaning as assigned to it under the Companies Act, 2013. (iii) An entity is considered to be working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or in....

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.... 032/2000 dated 26/12/2000 2. Substituted by Notification No. 122/2004 dated 30/8/2004, before it was read as, "Non-resident Indian (NRI) shall have the meaning assigned to it in clause (iv) of Regulation 2 of the Foreign Exchange Management (Investment in Firm or Proprietary Concern in India) Regulations, 2000." inserted vide Notification No. 094/2003 dated 18/6/2003, 3. The words 'Non-resident Indian (NRI)' shall be deleted vide Notification No. Supra 4. Has been inserted vide Notification NO. 100/2003 dated 3/10/2003 5. Has been inserted vide Notification No. 149/2006-RB dated 9/6/2006 6. Has been inserted vide Notification No. 166/2007 dated 17/10/2007 7. Has been substituted vide Notification No. 179/2008 dated 22/08/2008 w.e.f. 1-5-2007, earlier it was read as: [ii. 'Capital' means equity shares, preference shares, convertible preference shares, and convertible debentures;] 8. Has been inserted vide Notification No. 179/2008 dated 22/08/2008 w.e.f. 1-5-2007 9. Has been inserted vide Notification No. 179/2008 dated 22/08/2008 w.e.f. 8-6-2007 10. Inserted vide Notification No. FEMA 224/2012-RB, Dated 7-3-2012 11. Inserted vide Notification No. FEMA 22....