TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... n the case of the enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951, a micro enterprise means where the investment in plant and machinery does not exceed twenty five lakh rupees; a small enterprise means where the investment in plant and machinery is more than twenty five lakh rupees but does not exceed five crore rupees; (ii) in the case of the enterprises engaged in providing or rendering services, a micro enterprise means where the investment in equipment does not exceed ten lakh rupees; a small enterprise means where the investment in equipment is more than ten lakh rupees but does not exceed two crore rupees.] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an sixty percent beneficial interest is held by Non-resident Indians directly or indirectly but irrevocably; (xii) 'Person of Indian Origin' means a citizen of any country other than Bangladesh or Pakistan, if (a) he at any time held Indian passport; or (b) he or either of his parents or any of his grand- parents was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955); or (c) the person is a spouse of an Indian citizen or a person referred to in sub-clause (a) or (b); 2 [(xiia) 'Qualified Foreign Investor (QFI)' means (a) during the period from 9th day of Augus ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India; Provided further that such person is not registered with SEBI as an FII or Sub-Account of an FII or FVCI. Explanation. For the purposes of this clause : 1. bilateral MoU with SEBI shall mean a bilateral MoU between SEBI and the overseas regulator that, inter alia, provides for information sharing arrangements. 2. Member of FATF shall not mean an associate member of FATF.] (xiii) 'Schedule' means schedule to these Regulations; (xiv) the words and expressions used but not defined in these Regulations shall have the same meanings respectively assigned to them in the Act. --------- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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