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TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... ent Fund" shall have the same meaning as assigned to it in clause (b) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012;] (b) "body corporate" shall have the meaning assigned to it under sub-section (11) of Section 2 of the Companies Act, 2013 (18 of 2013) as amended from time to time; (c) "certificate" means a certificate of registration issued by the Board; 8[(d) ****] 9[(e) "Change in control" in case of a body corporate - (A) if its shares are listed on any recognised stock exchange, shall be construed with reference to the definition of control in terms of regulations framed under clause (h) of sub-section (2) of section 11 of the Act; (B) if ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -section (4) of Section 9A of the Income-tax Act, 1961; (i) "eligible investment fund" shall have the same meaning as assigned to it in sub-section (3) of Section 9A of the Income-tax Act, 1961; (j) "form" means a form specified in Schedule I; (k) "goods" means the goods notified by the Central Government under clause (bc) of section 2 of the Securities Contracts (Regulation) Act, 1956 and forming the underlying of any commodity derivative; (l) "inspecting authority" means one or more persons appointed by the Board to exercise powers conferred under Chapter V; 2[(la) "large value accredited investor" means an accredited investor who has entered into an agreement with the portfolio manager for a minimum investment amount of ten cro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rtfolio manager, means- (i) a director, partner or his relative; (ii) a key managerial personnel or his relative; (iii) a firm, in which a director, partner, manager or his relative is a partner; (iv) a private company in which a director, partner or manager or his relative is a member or director; (v) a public company in which a director, partner or manager is a director or holds along with his relatives, more than two per cent. of its paid-up share capital; (vi) any body corporate whose board of directors, managing director or manager is accustomed to act in accordance with the advice, directions or instructions of a director, partner or manager; (vii) any person on whose advice, directions or instructions a director, partne ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the same meaning as assigned to it in clause (w) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012;] (2) Words and expressions used and not defined in these regulations but defined in the Act shall have the meanings respectively assigned to them in the Act. ************* NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/31 dated 03-08-2021 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/31 dated 03-08-2021 3. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/58 dated 09-11-2021 w.e.f. 09-12-2021 4. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/58 dated 09-11-2021 w.e.f. 09-12-2021 5. Inserted vide Notification No. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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