TaxTMI 
TaxTMI 
TaxTMI 
Definitions.
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....ause (ab) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012;] 1[9[(ac)] "assets under advice" shall mean the aggregate net asset value of securities 12[****] for which the investment adviser has rendered investment advice irrespective of whether the implementation services are provided by investment adviser or concluded by the client directly or through other service providers;] (b) "Board" means the Securities and Exchange Board of India established under section 3 of the Act; (c) "body corporate" shall have the meaning assigned to it in or 2[under sub-section (11) of section 2 of the Companies Act, 2013 (18 of 2013);] (d) "certificate" mea....
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....current financial situation, identification of their financial goals, and developing and recommending financial strategies to realise such goals; (i) "firm" means a partnership firm registered under Indian Partnership Act, 1932 (9 of 1932); (j) "form" means any of the forms set out in the First Schedule; (k) "inspecting authority" means any one or more persons appointed by the Board to exercise powers conferred under regulation 23; (l) "investment advice" means advice relating to investing in, purchasing, selling or otherwise dealing in securities 14[****] and advice on investment portfolio containing securities 14A[****] whether written, oral or through any other means of communication for the benefit of the client and shall includ....
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....rposes;] (q) "partner" means partner of the firm or a limited liability partnership who renders investment advice on behalf of the firm or limited liability partnership; 18[(qa) "part-time investment adviser" means an individual or a firm, who for consideration, is engaged in the business of providing investment advice and is also engaged in any other business activity or employment;] 6[(r) "persons associated with investment advice" shall mean any member, partner, officer, director or employee or any sales staff of such investment adviser including any person occupying a similar status or performing a similar function irrespective of the nature of association with the investment adviser who is engaged in providing investment advisory....
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.... partnership or a body corporate within such time as may be specified by the Board. Explanation. -- The provisions of sub clause (i) shall also be applicable to the principal officer of a non-individual entity registered both as an investment adviser and a research analyst but engaged in no other business activity.] 20[(t) "research analyst" means any person registered under Securities and Exchange Board of India (Research Analysts) Regulations, 2014; (u) "trading calls" shall have the same meaning as assigned to it under clause (zc) of sub-regulation (1) of regulation (2) of the Securities and Exchange Board of India (Research Analysts) Regulations, 2014.] (2) The words and expressions used and not defined in these regulations but d....
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....ification No. SEBI/LAD-NRO/GN/2021/34 dated 03-08-2021 11. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/115 dated 17-01-2023 before it was read as, "(e) "change in control" in relation to a company or a body corporate, means: (i) if its shares are listed on any recognized stock exchange, change in control within the meaning of clause (e) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; (ii) in any other case, change in the controlling interest or change in legal form. Explanation.─ For the purpose of sub-clause (ii), the expression "controlling interest" means an interest, whether direct or indirect, to the exte....