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Definitions

the context otherwise requires, the terms defined herein shall bear the meanings assigned to them below, and their cognate expressions shall be construed accordingly,- (a) "Act" means the Securities Contracts (Regulation) Act, 1956 (42 of 1956); (b) "associate" in relation to a person shall include another person: (i) who, directly or indirectly, by himself, or in combination w .....

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rporation" means an entity that is established to undertake the activity of clearing and settlement of trades in securities or other instruments or products that are dealt with or traded on a recognized stock exchange and includes a clearing house; (e) "clearing member" means a person having clearing and settlement rights in any recognised clearing corporation: Provided that any per .....

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ecognised clearing corporation; (i) "key management personnel" means a person serving as head of any department or in such senior executive position that stands higher in hierarchy to the head(s) of department(s) in the recognised stock exchange or the recognised clearing corporation or in any other position as declared so by such stock exchange or clearing corporation; (j) "netting .....

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on 2 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 or any modification thereof; (m)"public" includes any member or section of the public but does not include any trading member or clearing member or their associates and agents: Provided that a public sector bank, public financial institution, an insurance company, mutual .....

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epartment as may be specified by the Board; (q) "rules" means the Securities Contracts (Regulations) Rules, 1957; (r) "shareholder director" means a director who represents the interest of shareholders, and elected or nominated by such shareholders who are not trading members or clearing members, as the case may be, or their associates and agents; (s) "trading member" .....

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