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....mpany 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 person 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; (b) "Authority" means the International Financial Services Centres Authority established under sub-section (1) of section 4 of the IFSCA Act; (c) "clearing corporation" means an entity that is established to undertake the activity of clearing and settlement of trades in securities or other instruments or produc....

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.... (j) "key management personnel" includes a person serving as head of any department or in such senior executive position that stands higher in hierarchy to the head(s) of the department(s) in the recognised market infrastructure institution, or any person who directly reports to chief executive officer or to the director on the governing board of the recognised market infrastructure institution, or any person upto two levels below the chief executive officer or managing director, or any other person as may be identified by its Nomination and Remuneration Committee; (k) "netting" means the determination by clearing corporation of net payment or delivery obligations of the clearing members of a clearing corporation by setting....