TaxTMI 
TaxTMI 
Definitions
X X X X Extracts X X X X
X X X X Extracts X X X X
....n agency;] ^3[(ac) "Alternative Investment Fund" shall have the same meaning as assigned to it in clause (b) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012;] (b) "body corporate" shall have the meaning assigned to it under sub-section (11) of Section 2 of the Companies Act, 2013 (18 of 2013) as amended from time to time; (c) "certificate" means a certificate of registration issued by the Board; ^8[(d) ****] ^9[(e) "Change in control" in case of a body corporate - (A) if its shares are listed on any recognised stock exchange, shall be construed with reference to the definition of control in terms of regu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ds or management of the portfolio of securities of the client, as the case may be; (h) "eligible fund manager" shall have the same meaning as assigned to it in sub-section (4) of Section 9A of the Income-tax Act, 1961; (i) "eligible investment fund" shall have the same meaning as assigned to it in sub-section (3) of Section 9A of the Income-tax Act, 1961; (j) "form" means a form specified in Schedule I; (k) "goods" means the goods notified by the Central Government under clause (bc) of section 2 of the Securities Contracts (Regulation) Act, 1956 and forming the underlying of any commodity derivative; (l) "inspecting authority" means one or more persons appointed by the Board to exercise powers co....
X X X X Extracts X X X X
X X X X Extracts X X X X
....nsible for: - (i) the decisions made by the portfolio manager for the management or administration of portfolio of securities or the funds of the client, as the case may be; and (ii) all other operations of the portfolio manager. ^7[(pa) "related party" in relation to a portfolio manager, means- (i) a director, partner or his relative; (ii) a key managerial personnel or his relative; (iii) a firm, in which a director, partner, manager or his relative is a partner; (iv) a private company in which a director, partner or manager or his relative is a member or director; (v) a public company in which a director, partner or manager is a director or holds along with his relati....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ii) of ten per cent or more, with effect from April 1, 2023; in the listed entity either directly or on a beneficial interest basis as provided under section 89 of the Companies Act, 2013, at any time, during the immediate preceding financial year; shall be deemed to be a related party;] (q) "securities lending" means securities lending as per the Securities Lending Scheme, 1997 specified by the Board. ^6[(r) "Sponsor" shall have the same meaning as assigned to it in clause (w) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012;] (2) Words and expressions used and not defined in these regulations but defined in ....