Abstract - SECURITIES AND EXCHANGE BOARD OF INDIA (PUBLIC OFFER AND LISTING OF SECURITISED DEBT INSTRUMENTS) REGULATIONS, 2008 - Income-tax Act, 1961

REGULATION 2(1)(r), 2(1)(s) AND 2(1)(u) OF SECURITIES AND EXCHANGE BOARD OF INDIA (PUBLIC OFFER AND LISTING OF SECURITISED DEBT INSTRUMENTS) REGULATIONS, 2008 Definitions. 2. (1) In these regulations, unless the context otherwise requires:- ** ** ** (r) securitization means acquisition of debt or receivables by any special purpose distinct entity from any originator or originators for the purpose of issuance of securitised debt instruments to investors based on such debt or receivables and such issuance; (s) securitised debt instrument means any certificate or instrument, by whatever name called, of the nature referred to in sub- clause (ie) of clause (h) of section 2 of the Act issued by a special purpose distinct entity; ** ** ** (u) special purpose distinct entity means a trust which acquires debt or receivables out of funds mobilized by it by issuance of securitised debt instruments through one or more schemes, and includes any trust set up by the National Housing Bank under the National Housing Bank Act, 1987 (53 of 1987) or by the National Bank for Agriculture and Rural Development under the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981); ** ** **