TaxTMI 
TaxTMI 
Definitions
X X X X Extracts X X X X
X X X X Extracts X X X X
....g 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 related activities in an issue; (e) "Banking Unit" shall have the same meaning as assig....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 control over such entity, merely by virtue of holding such position; (l) "credit rating agency" means a person which is primarily engaged in....
X X X X Extracts X X X X
X X X X Extracts X X X X
....udes 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 stock exchanges in an IFSC are included as permitted services by ERDPPs; (u) "Foreign Jurisdiction" means a country, other than India, whose securities market regulator is a signatory to International Organization of Securities Commission's Mu....
X X X X Extracts X X X X
X X X X Extracts X X X X
....d 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 persons or group of persons and includes any person who holds out himself as an investment adviser, by whatever name called, and is registered with the Authority as an investment adviser under these regulations; (aa) "investment banker" means a person who is in the business of issue management either by maki....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ets: 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; (ee) "recognised clearing corporation" means a clearing corporation recognised by the Authority; (ff) "recognised depository" means a depository recognised by the Authority; (gg) "recognised stock exchange" means a stock exchange recognised by the Authority; (hh) "registered distributor" means a distributor registered with the Authority under these regulations; (ii) "registe....