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TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... tory in United States of America (USA) against underlying rupee shares of a company incorporated in India; d. 'Core Activity' means an activity carried on by an Indian entity turnover wherefrom constitutes not less than 50% of its total turnover in the previous accounting year; e. Direct investment outside India means investment by way of contribution to the capital or subscription to the Memorandum of Association of a foreign entity or by way of purchase of existing shares of a foreign entity either by market purchase or private placement or through stock exchange, but does not include portfolio investment. 5 [ (ea) 'Domestic Depository' shall have the same meaning as assigned to it in the Companies (Issue of Indian Deposit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ification] making investment in a Joint Venture or Wholly Owned Subsidiary abroad, and includes any other entity in India as may be notified by the Reserve Bank: - Provided that when more than one such company, body or entity make an investment in the foreign entity, all such companies or bodies or entities shall together constitute the Indian party l. Investment banker means an Investment banker registered with the Securities and Exchange Commission in USA, or the Financial Services Authority in UK, or appropriate regulatory authority in Germany, France, Singapore or Japan; m. Joint Venture (JV) means a foreign entity formed, registered or incorporated in accordance with the laws and regulations of the host country in which the Indian part ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and subscribed to by a person who is a resident outside India in foreign currency and exchangeable into equity shares of offered company, in any manner, either wholly, or partly or on the basis of any equity related warrants attached to debt instruments. (t) issuing company means a company registered under the Companies Act, 1956 (1 of 1956) and eligible to issue Foreign Currency Exchangeable Bond under these regulations. (u) offered company' means a company registered under the Companies Act, 1956 (1 of 1956) and whose equity shares is/are offered in exchange of the Foreign Currency Exchangeable Bond. (v) promoter group has the same meaning as defined in the Securities and Exchange Board of India (Disclosure and Investor Protection) Gu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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