Initial Offer - Definition / Legal Terminology - Income Tax

As per section 97(5AA) of Chapter VII (Securities transaction Tax) Finance (No. 2) Act, 2004 Initial Offer shall have the meaning assigned to it in,-- (i) clause (q) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 made under the Securities and Exchange Board of India Act, 1992, in case of a business trust being a real estate investment trust; (ii) clause (v) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 made under the Securities and Exchange Board of India Act, 1992, in case of a business trust being an infrastructure investment trust;