TaxTMI 
TaxTMI 
Definitions
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.... or amalgamation or acquisition of shares or assets of one or more companies having business operations by a Special Purpose Acquisition Company; (d) "certificate of deposit" means a negotiable, unsecured money market instrument issued in dematerialised form or as a Usance Promissory Note against funds deposited at a Banking Unit for a maturity period upto one year; (e) "commercial paper" means an unsecured money market instrument issued in the form of promissory note; (f) "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 sh....
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....rities or any other permitted financial product is listed or proposed to be listed for the purpose of a particular issue of securities or a financial product under these regulations; (n) "Foreign Jurisdiction" means a country, other than India, whose securities market regulator is a signatory to International Organization of Securities Commission's Multilateral Memorandum of Understanding or a signatory to a bilateral Memorandum of Understanding with the Authority, and which is not identified in the public statement of Financial Action Task Force as: (i) a jurisdiction having a strategic Anti-Money Laundering or Combating the Financing of Terrorism deficiencies to which counter measures apply; or (ii) a jurisdicti....
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....es to the public by any existing holder of such specified securities in an unlisted issuer; (u) "issuer" means an entity which makes or proposes to make or has made an issue of specified securities or debt securities or depository receipts or commercial paper or certificates of deposit or any other permitted financial products and intends to list on a recognised stock exchange under these regulations; (v) "International Financial Services Centre (IFSC)" shall have the same meaning as assigned to it under clause (g) of sub-section (1) of Section 3 of the Act; (w) "key managerial personnel", in relation to a company incorporated in India, shall have the same meaning as assigned to it under clause (51) of section 2 o....
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....ualified institutional buyers on a private placement basis and includes an offer for sale of specified securities by the promoters or controlling shareholders on a private placement basis; (cc) "recognised stock exchange" means a stock exchange recognised by the Authority; (dd) "securities", for the purposes of these regulations, shall mean specified securities, debt securities and depository receipts listed or proposed to be listed on a recognised stock exchange; (ee) "Special Purpose Acquisition Company (SPAC)" means a company which does not have any operating business and has been formed with the primary objective to effect a business combination; (ff) "specified securities" means equity shares and con....