Regulation 2 - Definitions. - Securities And Exchange Board of India (Foreign Institutional Investors) Regulations, 1995

Definitions. 2. In these regulations, unless the context otherwise requires, - (a) Act means the Securities and Exchange Board of India Act, 1992 (15 of 1992); (b) certificate means a certificate of registration granted by the Board under these regulations; (c) designated bank means any bank in India, which has been authorised by the Reserve Bank of India to act as a banker to Foreign Institutional Investors; 1 [(cc) Omitted by SEBI (Foreign Institutional Investor) (Amendment) Regulations, 2007 w.e.f. 8.1.2007.] 2 [(dd) Omitted by SEBI (Foreign Institutional Investor) (Amendment) Regulations, 2007 w.e.f 8.1.2007.] (d) domestic custodian includes any person carrying on the activity of providing custodial services in respect of securities; 3 [(e) Omitted by the SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 w.e.f. 27.09.2002.] (f) Foreign Institutional Investor means an institution established or incorporated outside India which proposes to make investment in India in securities; 4 [***] (g) form means a form specified in the First Schedule to these regulations; (h) Government of India Guidelines means the guidelines dated September 14, 1992 issued by the Government of India for Foreign Institutional Investors, as amended from time to time; (i) institution includes every artificial juridical person; (j) schedule means a schedule to these regulations; (k) 5 [ sub-account means any person resident outside India, on whose behalf investments are proposed to be made in India by a foreign institutional investor and who is registered as a sub-account under these regulations.] 6 [(2) All other words and expressions used but not defined in these regulations, but defined in the Act or in the Companies Act, 1956 or in Securities Contracts (Regulation) Act, 1956 or in the Depositories Act, 1996 or under the Foreign Exchange Management Act, 1999 (42 of 1999) or the Rules and the Regulations made thereunder shall have the same meanings respectively assigned to them in such Acts or the Rules or the Regulations or any statutory modification or re-enactment thereto, as the case may be.] ----------------- Notes: 1. Prior to its omission clause (cc) was inserted by the SEBI (Foreign Institutional Investors) Amendment Regulations, 2000 w.e.f. 29.02.2000. Prior to its omission it read as under: domestic asset management company means an asset management company approved by the Board under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and who has been granted certificate of registration under Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993; 2 . Prior to its omission clause (dd) was inserted by the SEBI (Foreign Institutional Investors) Amendment Regulations, 2000 w.e.f. 29.02.2000. Prior to its omission it read as under: domestic portfolio manager means a portfolio manager registered under the Securities and Exchange Board of India (Portfolio Manager) Regulations, 1993. 3. Prior to its omission it read as enquiry officer means any officer of the Board, or any other person appointed by the Board under Chapter V of these regulations; 4. Proviso omitted by the SEBI (Foreign Institutional Investor) (Amendment) Regulations, 2007 w.e.f 8.1.2007.Prior to its omission, it was inserted by the SEBI (Foreign Institutional Investors) Amendment Regulations, 2000 w.e.f. 29.02.2000. Prior to its omission it read as under: Provided that a domestic asset management company or domestic portfolio manager who manages funds raised or collected or brought from outside India for investment in India on behalf of a subaccount, shall be deemed to be a Foreign Institutional Investor; 5. Substituted by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2008, w.e.f.22-5-2008. Prior to substitution clause (k) as amended by SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2007, w.e.f. 8-1-2007 and SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2000, w.e.f.29-2- 2000 read as under: sub-account includes [foreign corporates or foreign individuals and] those institutions, established or incorporated outside India and those funds, or portfolios, established outside India, whether incorporated or not, on whose behalf investments are proposed to be made in India by a Foreign Institutional Investor. 6. Inserted by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2008, w.e.f.22-5-2008.