Regulation 106X - Definitions - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009

2 [Definitions. 106X. (1) In this chapter, unless the context otherwise requires,- (a) institutional trading platform means the trading platform for listing and trading of specified securities of entities that comply with the eligibility criteria specified in regulation 106Y; (b) institutional investor means: (i) qualified institutional buyer; or (ii) family trust or systematically important NBFCs registered with Reserve Bank of India or intermediaries registered with the Board, all with net-worth of more than five hundred crore rupees, as per the last audited financial statements; (c) persons acting in concert shall have the same meaning as assigned to it under regulation 2(1)(q) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. (2) All other words and expressions used in this Chapter but not defined under sub-regulation (1) shall derive their meaning from regulation 2 of these regulations. ] ********** 1. Inserted vide SEBI (Listing of Specified Securities on Institutional Trading Platform) Regulations, 2013 , w.e.f. 8-10-2013 2. Substituted by the SEBI (Issue of Capital and Disclosure Requirements) (Fourth Amendment) Regulations, 2015 , w.e.f. 14.08.2015 before it was read as 1 [Definitions 106X. (1) In this Chapter, unless the context otherwise requires,- (a) institutional trading platform means the trading platform in a SME exchange for listing and trading of specified securities of small and medium enterprises for informed investors; (b) small and medium enterprise means a public company including start-up company, that complies with all the eligibility conditions specified in Regulation 106Y. (2) All other words and expressions used in this Chapter but not defined under sub-regulation (1) shall derive their meaning from Regulation 2 of these regulations.]