Definitions
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....ct" means the Securities and Exchange Board of India Act, 1992; (b) "appropriately regulated" entity means an entity which is regulated by the securities market regulator or the banking regulator of home jurisdiction or otherwise, in the same capacity in which it proposes to make investments in India; (c) "Bilateral Memorandum of Understanding with the Board" shall mean a bilateral Memorandum ....
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.... or in any other manner; (g) "custodian" means a person registered under the Securities and Exchange Board of India (Custodian) Regulations, 1996; (h) "designated bank" means a scheduled bank in India, which has been authorised by the Reserve Bank of India to act as a banker to foreign portfolio investors; (i) "designated depository participant" means a person who has been approved by the Bo....
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....ing as assigned to such terms under 1[rule 2 of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019] made under the Foreign Exchange Management Act, 1999; (o) "offshore derivative instrument" means any instrument, by whatever name called, which is issued overseas by a foreign portfolio investor against securities held by it in India, as its underlying; 2[(p)] "resident Indian" s....
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.... not defined in these regulations, but defined in the Act or the Foreign Exchange Management Act, 1999, the Companies Act, 2013, the Securities Contracts (Regulation) Act, 1956, the Depositories Act, 1996 or the rules and regulations made thereunder shall have the same meaning respectively assigned to them in those Acts or rules or regulations or any statutory modification or re-enactment thereto.....
TaxTMI
TaxTMI