TaxTMI 
TaxTMI 
TaxTMI 
Definitions
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....xercises control; (iii) whose director or partner is also a director or partner of the intermediary or listed company. Explanation.-For the purposes of this clause- (i) 'control' means control as defined in clause (c) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997; (ii) 'director' does not include a nominee director; (iii) 'person' means a natural person, a company registered under the Companies Act, 1956, a body corporate, a partnership concern, a trust or society registered under the Societies Registration Act, 1860 or any other legal entity. (c) 'Board' means the Securities and Exchange Board of India established under section 3....
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....hange and includes a public company which intends to get its securities listed on a recognized stock exchange; (l) 'market participants' means intermediaries, other entities, investors, listed companies and companies which intend to get their securities listed; (m) 'other entity' means any recognised stock exchange, clearing corporation, approved intermediary under the Securities Lending Scheme, 1997, investor associations and includes any other person granted recognition by the Board, any person required to obtain any license or approval from any self-regulatory organization and any other person associated with the securities market in any manner as may be notified by the Board in the official gazette; (n) 'promoter' means- (1) any pe....
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....erely by virtue of its shareholding. Explanation II.-A Financial Institution, Scheduled Commercial Bank or 8[Foreign portfolio Investor] shall be deemed to be a promoter of its subsidiary and of the mutual funds sponsored by it. (o) 'recognised stock exchange' means a stock exchange which has been granted recognition under section 4 of the Securities Contracts (Regulation) Act, 1956; (p) 'relative' in relation to a natural person means his spouse, dependant children and dependent parents; (q) 'related persons' means the persons specified in clause (b) of sub-regulation (1) of regulation 4 in respect of an intermediary or other entity and persons specified in clause (b) of regulation 5 in respect of a listed company or a company intendin....
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....cts (Regulation) Act, 1956 or any statutory modification or re-enactment thereof. (c) Words and expressions used and not defined either in these regulations, or in the Act or in the Securities Contracts (Regulation) Act, 1956 shall have the meanings, if any, respectively assigned to them under the Companies Act, 1956, or any statutory modification or re-enactment thereof. *********** 1 Words "Foreign Institutional Investors and" omitted by the SEBI (Foreign Portfolio Investors) Regulations, 2014, w.e.f. 7-1-2014. 2 Substituted for "Foreign Institutional Investor" by the SEBI (Foreign Portfolio Investors) Regulations, 2014, w.e.f. 7-1-2014. 3 Words "his spouse, parents, brothers, sisters or children" omitted by the SEBI (Central....