TaxTMI 
TaxTMI 
Definitions
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....e total voting power of the first person; (iii) who is a holding company or a subsidiary company of the first person (iv) who is a relative of the first person; (v) who is a member of a Hindu Undivided Family wherein the first person is also a member; (vi) such other cases where the Board is of the view that a person shall be considered as an associate based on the facts and factors including the extent of control, independence, conflict of interest; (c) "Board" means the Securities and Exchange Board of India established under the provisions of section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (d) ^2[clearing corporation" means an entity that is established....
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....on serving as the head of a department or vertical and directly reporting to the managing director or to the directors on the governing board of the recognised stock exchange or recognised clearing corporation; or iii. a person serving as the head of a core function as specified under Part-C of Schedule-II of these regulations.; or iv. a person who stands higher in hierarchy to the head of any department(s) handling core function(s) in the recognised stock exchange or recognised clearing corporation; or v. reporting officials of key management personnel; or vi. any person defined as a "key managerial personnel" under the Companies Act, 2013; or vii. any other person who is a key de....
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....endent director" means a director elected or nominated by the shareholders who are neither trading members nor clearing members, as the case may be, or their associates and agents;] (l) "novation" means the act of one or more recognised clearing corporations interposing between the parties of every trade, so as to be a legal counterparty; (m) "persons acting in concert" in the context of acquisition or holding of shares or voting rights or control shall mutatis mutandis have the same meaning as assigned to it in clause (q) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 or any amendments thereof; (n) "....
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....orrowed; ^8[(rc)] "repo transaction" means a transaction in repo and reverse repo in the debt securities that are dealt with or traded on a recognised stock exchange; ^8[(rd)] "reverse repo" means an instrument for lending by purchasing debt securities with an agreement to resell the debt securities on an agreed future date at an agreed price which includes interest on funds lent;] (s) "rules" means the Securities Contracts (Regulations) Rules, 1957; ^12[****] (u) "trading member" means a person having trading rights in any recognized stock exchange and includes a stock broker. (2) Words and expressions used and not defined in these regulations but defined in the Act, the Companies Act, 2013, ....
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....No. SEBI/LAD-NRO/GN/2021/12 dated 23-03-2021 8. Re-Numbered vide Notification No. SEBI/LAD-NRO/GN/2021/12 dated 23-03-2021 before it was read as "(ra), (rb), (rc)" 9. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/12 dated 23-03-2021 10. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/124 dated 28-02-2023 (shall come into force on the one hundred and eightieth day from the date of their publication in the Official Gazette) before it was read as, "(j) "key management personnel" includes a person serving as head of any department or in such senior executive position that stands higher in hierarchy to the head(s) of the department(s) in the recognised stock exchange or the recognised clearing corporat....