Definitions

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....reholder 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 whom such shareholder, directly or indirectly, b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ia 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 regulation 2 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ion 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 person having trading rights. Explanation: A shareholder having a trading interest "indirectly" in relation to a person having trading rig....