TaxTMI 
TaxTMI 
Definitions
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....ective investor; (d) "associate" includes, - (i) any person who directly or indirectly, either individually or in combination with relatives, exercises control over the asset management company or the trustee or the sponsor, as the case may be; (ii) any person, in respect of whom the asset management company or the trustee or the sponsor, directly or indirectly, by itself, or in combination with other persons, exercises control; (iii) a company whose director, other than an independent director, or officer or employee is also a director, or officer or employee of the asset management company; or (iv) in respect of a pooled investment vehicle including private equity funds that acts as a sponsor o....
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....y or together with persons acting in concert, who directly or indirectly own, control or hold shares carrying not less than 10% of the voting rights of such company; or (ii) as between two companies, if the same person, either individually or together with persons acting in concert, directly or indirectly, own, control or hold shares carrying not less than 10% of the voting rights of each of the two companies; or (iii) majority of the directors of any company who are in a position to exercise control over the asset management company; (j) Corporate Debt Market Development Fund shall have the same meaning assigned to it under clause (ga) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of ....
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....and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003; (s) "free reserve" shall have the same meaning as defined under Companies Act, 2013 (18 of 2013); (t) "fund of funds scheme" means a mutual fund scheme that invests primarily in other schemes of the same mutual fund or other mutual funds; (u) "gold exchange traded fund scheme" shall mean a mutual fund scheme that invests primarily in gold or gold related instruments; (v) "gold related instrument" shall mean such instrument having gold as underlying, as may be specified by the Board; (w) "goods" means the goods notified by the Central Government under clause (bc) of s....
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....uid net worth" means the net worth deployed in liquid assets which are unencumbered and shall include cash, bank deposits with Scheduled Commercial Banks, money market instruments, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified by the Board; (ee) "market abuse" includes manipulative, fraudulent and unfair trade practices which may contravene Section 12A of the Act or any of the provisions of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 or the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015; (ff) "money market instruments" ....
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....ean the value computed in the manner provided in regulation 43 of these regulations; (ll) "Net worth" means the aggregate of the paid up capital and free reserves after deducting therefrom, miscellaneous expenditure to the extent not written off or adjusted or deferred revenue expenditure, intangible assets, accumulated losses and any loans and advances given by asset management company or MF Lite asset management company to either its sponsor, associates or group company of sponsor and its associates or group company; (mm) "offer document" means scheme information document and statement of additional information by which a mutual fund invites public for subscription of units of a scheme; (nn) "open-ended scheme" ....
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....ilver related instrument" shall mean an instrument as may be specified by the Board, which has silver as the underlying product; (ww) "Specialized Investment Fund" means a mutual fund as defined under clause (gg) of sub-regulation (1) of regulation 2 of these regulations and subject to such other conditions as specified under these regulations; (xx) "sponsor" means any person who, acting individually or in concert with another body corporate, establishes a mutual fund or a mutual fund lite; (yy) "statutory levy" means levy imposed by state government and central government; (zz) "to be listed securities" means equity securities available for purchase or application or investment under anchor investment ca....