Definitions

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.... "associate" in relation to a shareholder having trading rights in a recognized stock exchange means a person - (i) who directly or indirectly, by himself or in combination with other persons, exercises control over such shareholder or holds substantial shares entitling not less than fifteen per cent. of the voting rights in such shareholder being a body corporate; or (ii) over w....

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....irectly or indirectly. (c) "Board" means the Securities and Exchange Board of India established under provisions of Section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (d) "company" means a company as defined in Section 3 of the Companies Act, 1956 (1 of 1956); (e) "control" has the meaning assigned to it in clause (c) of sub-regulation (1) of....

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....exchange having trading rights therein or any associate of such shareholder; (i) "scheme" means the scheme for corporatisation or demutualisation of a recognised stock exchange approved by the Board under section 4B of the Act; ^2[(j) "shareholder having trading rights" means a shareholder who has a trading interest in the stock exchange, whether directly or indirectly through a ....