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..... itution' shall include i. a company, or ii. a firm, or iii. an association of persons or a body of individuals, whether incorporated or not, or iv. any artificial juridical person, not falling within any of the preceding categories engaged in rendering financial services or carrying out financial transactions. Explanation: For the purpose of this sub-regulation, and without any loss of ge .....

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..... g, issuing or negotiating any bill of exchange or promissory note, or transferring any security or acknowledging any debt. (e) 'FMC' shall mean the Forward Market Commission established under the Forward Contracts (Regulation) Act, 1952 (74 of 1952). (f) 'International Financial Services Centre' or 'IFSC' shall have the same meaning given in Section 2 (q) of the Special Economic Zones Act, 2005 .....

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