TaxTMI 
TaxTMI 
Definitions
X X X X Extracts X X X X
X X X X Extracts X X X X
.... (f) "control" - (i) in case of companies, control shall have the same meaning as assigned to it in the Companies Act, 2013; and (ii) in case of LLPs, control means the right to appoint majority of the designated partners, where such partners, with specific exclusion to others have control over all the policies of the LLP. (g) "cost of borrowing" means rate of interest, other fees, expenses, charges, guarantee fees and export credit agency charges, whether paid in FCY or INR, but shall not include commitment fees and statutory taxes payable in India; (h) "Designated Authorised Dealer (AD) Category I Bank" means the AD Category I bank designated by the borrower for meeting the reporting requirements in respect of ECB and TC and monitoring of such transactions; (i) "exchange earners' foreign currency (EEFC) account" shall have the same meaning as assigned to it in the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2015; (j) "external commercial borrowing (ECB)" means borrowing by an eligible borrower from a recognised lender in accordance with Schedule I to these Regulations; ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ant for common use of the units located in the Industrial Park. (s) "infrastructure sector" shall have the same meaning as assigned to it in the 'Harmonised Master List of Infrastructure Sub-Sectors' approved by Government of India vide Notification F. No. 13/06/2009-INF and as amended from time to time. For the purpose of these regulations, "Exploration, Mining and Refinery" sectors will be deemed as infrastructure sector; (t) "International Financial Service Centre (IFSC)" shall have the same meaning as assigned to it under the International Financial Services Centres Authority Act, 2019 (50 of 2019); (u) 'Liberalised Remittance Scheme' means the scheme formulated in terms of circular A.P. (DIR Series) Circular No. 64 dated February 4, 2004; (v) "Non-Resident External (NRE) Account" shall have the same meaning as assigned to it in the Foreign Exchange Management (Deposit) Regulations, 2016; (w) "Non-Resident Ordinary (NRO) Account" shall have the same meaning as assigned to it in the Foreign Exchange Management (Deposit) Regulations, 2016; (x) "National Housing Bank" shall have the same meaning as assigned to it in the Nationa....
X X X X Extracts X X X X
X X X X Extracts X X X X
....mpany or by way of any agreement or any arrangement or in any other manner whatsoever, which has the effect of transferring, or enabling the enjoyment of, any immovable property. (ac) "related party" means an entity which qualifies as a related party as per the provisions of the Companies Act, 2013 (18 of 2013). For a person other than a company, this definition shall apply mutatis mutandis; (ad) "relative" shall have the same meaning as assigned to it in the Companies Act, 2013 (18 of 2013); (ae) "securities" shall have the same meaning as assigned to it in the Securities Contracts (Regulation) Act, 1956; (af) "Special Economic Zone (SEZ) shall have the same meaning as assigned to it in the Special Economic Zones Act 2005; (ag) "Special Non-Resident Rupee Account (SNRR) account" shall have the same meanings as assigned to it in the Foreign Exchange Management (Deposit) Regulations, 2016; (ah) "trade credit (TC)" means credit extended by the overseas supplier or financial institution for permissible imports into India and includes both suppliers' credit and buyers' credit; Explanation: Suppliers' credit relates to the c....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n" and "National Housing Bank" shall have the same meaning as assigned to them in the National Housing Bank Act, 1987, as amended from time to time; (x) "Indian Entity" means a company incorporated in India under the Companies Act, 2013, as amended from time to time, or a Limited Liability Partnership formed and registered in India under the Limited Liability Partnership Act, 2008, as amended from time to time; (xi) "Overseas Citizen of India (OCI)" Cardholder shall have the same meaning as assigned to it under Section 7(A) of the Citizenship Act, 1955, as amended from time to time; (xii) "Real Estate Activity" means any activity involving own or leased property for buying, selling and renting of commercial and residential properties or land and also includes activities either on a fee or contract basis assigning real estate agents for intermediating in buying, selling, letting or managing real estate. However, this would not include development of integrated township, purchase/ long term leasing of industrial land as part of new project/modernisation or expansion of existing units or any activity under 'infrastructure subsectors' as given in the Harmonis....