TaxTMI 
TaxTMI 
Definitions
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.... bank account; ^16[(e) "associate" shall mean a person or any entity which is an associate under sub-section (6) of section 2 of the Companies Act, 2013 or under the applicable accounting standards;] (f) "Board" means the Securities and Exchange Board of India established under the Act; (g) "book building" means a process undertaken to elicit demand and to assess the price for determination of the quantum or value or coupon of specified securities or Indian Depository Receipts, as the case may be, in accordance with these regulations; (h) "composite issue" means an issue of specified securities by a listed issuer on public-cum-rights basis, wherein the allotment in both public issue and rights issue is proposed to be made simultaneously; (i) "control" shall have the same meaning as assigned to it under the Securities and Exchange Board of India (Substantial Acquisitions of Shares and Takeovers) Regulations, 2011; (j) "convertible debt instrument" means an instrument which creates or acknowledges indebtedness and is convertible into equity shares of the issuer at a later date at or without the option of the holder of the instrume....
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.... of such specified securities in a listed issuer; (r) "general corporate purposes" include such identified purposes for which no specific amount is allocated or any amount so specified towards general corporate purpose or any such purpose by whatever name called, in the draft offer document, draft letter of offer, ^8[the offer document, or the letter of offer:] Provided that any issue related expenses shall not be considered as a part of general corporate purpose merely because no specific amount has been allocated for such expenses in the draft offer document, draft letter of offer ^9[the offer document, or the letter of offer;] (s) "green shoe option" means an option of allotting equity shares in excess of the equity shares offered in the public issue as a post-listing price stabilizing mechanism; (t) "group companies", shall include such companies (other than promoter(s) and subsidiary/subsidiaries) with which there were related party transactions, during the period for which financial information is disclosed, as covered under the applicable accounting standards, and also other companies as considered material by the board of the issuer; ....
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....nt systems, sanitation and sewerage systems, etc.; vi) power, including the following: A) generation of power through thermal, hydro, nuclear, fossil fuel, wind and other renewable sources; B) transmission, distribution or trading of power by laying a network of new transmission or distribution lines; vii) petroleum and natural gas, including the following: A) exploration and production; B) import terminals; C) liquefaction and re-gasification; D) storage terminals; E) transmission networks and distribution networks including city gas infrastructure; viii) housing, including the following: A) urban and rural housing including public or mass housing, slum rehabilitation etc; B) other allied activities such as drainage, lighting, laying of roads, sanitation facilities etc.; ix) services provided by recognised stock exchanges and registered depositories, in relation to securities; x) other miscellaneous facilities or services, including the following: A) mining and related activities; B) technology related infrastructure; C) manufactu....
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....f) "net offer" means an offer of specified securities to the public but does not include reservations and promoters' contribution brought in as part of the issue; (gg) "net tangible assets" mean the sum of all net assets of the issuer, excluding intangible assets as defined in Accounting Standard 26 (AS 26) or Indian Accounting Standard (Ind AS) 38, as applicable, issued by the Institute of Chartered Accountants of India; (hh) "net worth" means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation; (ii) "nominated investor" means a qualified institutional buyer or private equity fund, who enters into an agreement with the lead manager(s) to subscribe to an issue, made in accordance with Chapter IX, in case of under-subscription or to receive or deliver the spe....
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....Board from time to time, shall not be deemed to be a promoter merely by virtue of the fact that twenty per cent. or more of the equity share capital of the issuer is held by such person unless such person satisfy other requirements prescribed under these regulations; (pp) "promoter group" includes: i) the promoter; ii) an immediate relative of the promoter (i.e. any spouse of that person, or any parent, brother, sister or child of the person or of the spouse); and iii) in case promoter is a body corporate: A) a subsidiary or holding company of such body corporate; B) anybody corporate in which the promoter holds twenty per cent. or more of the equity share capital; and/or anybody corporate which holds twenty per cent. or more of the equity share capital of the promoter; ^7[Omitted] iv) in case the promoter is an individual: A) anybody corporate in which twenty per cent. or more of the equity share capital is held by the promoter or an immediate relative of the promoter or a firm or Hindu Undivided Family in which the promoter or any one or more of their relative is a member; B) anybody corpora....
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.... (viii) a provident fund with minimum corpus of twenty five crore rupees; (ix) a pension fund with minimum corpus of twenty five crore rupees ^15[registered with the Pension Fund Regulatory and Development Authority established under sub-section (1) of section 3 of the Pension Fund Regulatory and Development Authority Act, 2013]; (x) National Investment Fund set up by resolution no. F. No. 2/3/2005-DDII dated November 23, 2005 of the Government of India published in the Gazette of India; (xi) insurance funds set up and managed by army, navy or air force of the Union of India; and (xii) insurance funds set up and managed by the Department of Posts, India; and (xiii) systemically important non-banking financial companies. ^19[(xiv) accredited investors as defined in clause (ab) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, for the limited purpose of their investment in Angel Funds registered with the Board, under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012.] (tt) "qualified institution....
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.... (ddd) "SME exchange" means a trading platform of a recognised stock exchange having nationwide trading terminals permitted by the Board to list the specified securities issued in accordance with Chapter IX and includes a stock exchange granted recognition for this purpose but does not include the Main Board; (eee) "specified securities" means equity shares and convertible securities; ^3[(eeea) "SR equity shares" means the equity shares of an issuer having superior voting rights compared to all other equity shares issued by that issuer.] (fff) "stabilising agent" means a merchant banker who is responsible for stabilising the price of equity shares under a green shoe option, in terms of these regulations; (ggg) "stock exchange" means any recognised stock exchange having nationwide trading terminals chosen by the issuer on which securities of an issuer are listed or proposed to be listed for the purpose of a particular issue of specified securities under these regulations, other than an SME exchange; (hhh) "syndicate member" means an intermediary registered with the Board and who is permitted to accept bids, applications and place ord....
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....and trading of specified securities of issuers that comply with the eligibility criteria specified in regulation 288;" 2. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/08 dated 05-04-2019 before it was read as "institutional trading platform" 3. Inserted vide Notification No. SEBI/LAD-NRO/GN/2019/29 dated 29-07-2019 4. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/35 dated 23-09-2019 before it was read as "foreign portfolio investor other than Category III foreign portfolio investor" 5. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/35 dated 23-09-2019 before it was read as "foreign portfolio investor other than Category III foreign portfolio investor" 6. Substituted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/35 dated 23-09-2019 before it was read as "a foreign portfolio investor other than Category III foreign portfolio investor, registered with the Board" 7. Omitted vide Notification No. SEBI/LAD-NRO/GN/2021/45. Dated 13-08-2021 before it was read as: (C) anybody corporate in which a group of individuals or companies or combinations thereof acting in concert, which hold twenty per ce....