Wednesday, June 22, 2011

Sec. 2. Definitions.- In this Act, unless the context otherwise requires

Sec. 2 (19) / (19A)) / (19AA) / (19AB) / (19B)

(19) "holding company" means a holding company within the meaning of section 4;

13[(19A) "hybrid" means any security which has the character of more than one type of security, including their derivatives;

14[(19AA) "industrial company" means a company which owns one or more industrial undertakings;

(19AB) "industrial undertaking" means any undertaking, pertaining to any industry carried on in one or more factories or units by any company, as defined in clause (aa) of section 3 of the Industries (Development and Regulation) Act, 1951 (65 of 1951) but does not include a small-scale industrial undertaking as defined in clause (j) of that section;]

(19B) "information memorandum" means a process undertaken prior to the filing of a prospectus by which a demand for the securities proposed to be issued by a company is elicited, and the price and the terms of issue for such securities is assessed, by means of a notice, circular, advertisement or document;]

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