TaxTMI 
TaxTMI 
Definitions
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....l of at least twenty percent of the total voting power of the first person; (iii) who is a holding company or a subsidiary company of the first person; (iv) who is a relative of the first person; (v) who is a member of a Hindu Undivided Family wherein the first is also a member; or (vi) such other cases where the Authority is of the view that a person shall be considered as an associate based on the facts and factors including the extent of control, independence, conflict of interest; (c) "Authority" or "IFSCA" means the International Financial Services Centres Authority established under sub-section (1) of section 4 of the Act; (d) "banker to an issue" means a bank carrying out banking ....
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....ce of policies, procedures, maintenance of records, risk management, and implementation of the applicable code of conduct specified in these regulations; (k) "control" shall include the right to appoint majority of the directors or to control the management or policy decisions exercisable by a person or persons acting individually or in concert, directly or indirectly, including by virtue of their shareholding or management rights or shareholders agreements or voting agreements or in any other manner, including by holding interest, whether direct or indirect, to the extent of more than fifty per cent. (50%) of voting rights or interest: Provided that a director or officer of an entity shall not be considered to be in cont....
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....arket products" or "capital market services"; (r) "ESG Data Products" includes products and services relating to ESG-related information provided by an ERDPP registered with the Authority; (s) "ESG Ratings" includes the broad spectrum of rating products relating to sustainable finance and include ESG scorings, ESG rankings, Sector ESG Ratings, and Thematic scores; (t) "ESG Ratings and Data Products Provider (ERDPP)" means an entity engaged in the activity (ies) of providing services relating to ESG Rating or ESG Data Product and is registered with the Authority under these regulations: Explanation: The services relating to independent external review for ESG labelled bonds listed on the recognised st....
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.... advice relating to investing in, purchasing, selling or otherwise dealing in securities or investment products, and advice on investment portfolio containing securities or investment products, whether written, oral or through any other means of communication for the benefit of the client and shall include financial planning: Provided that investment advice given through newspaper, magazines, any electronic or broadcasting or telecommunications medium, which is widely available to the public shall not be considered as investment advice for the purpose of these regulations; (z) "investment adviser" means a person, who for consideration, is engaged in the business of providing investment advice to clients or other perso....
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.... expenditure and miscellaneous expenditure not written off, as per the balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation: Provided that where an entity is a broker dealer, clearing member or investment banker, the 'net worth' shall mean the aggregate value of its liquid assets: Explanation: Liquid assets for the purpose of this clause shall mean cash and bank balance, fixed deposits, Government Securities and other instruments as may be specified by the Authority; (dd) "principal officer" means a designated employee of the capital market intermediary responsible for overall activities of the capital market intermediary; ....
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....ies market; (ii) discussions on the broad-based indices; (iii) commentaries on economic, political or market conditions; (iv) periodic reports or other communications prepared for unit holders of mutual fund or alternative investment fund or retail fund or non-retail fund or clients of portfolio managers and investment advisers; (v) internal communications that are not given to current or prospective clients; (vi) communications that constitute offer documents or prospectus that are circulated as per regulations made by the Authority; (vii) statistical summaries of financial data of the companies; (viii) technical analysis relating to the demand and supply in a sector or the ind....