Ankur sir , please help

1. Kindly post the exact text of definitions you are referring.

2. Further Complete postmortem of the definition would be a bit time consuming so it would be better to post your exact doubt/interpretation problem w.r.t. the language/clause of definition.

Thanks

Dear Sir,

many many Thanks for the prompt reply sir.

pl.find below the extract of definitions of which help is sought .

Extract of Regulations 2 (1) (q) (2) (xiii) of PAC OF TAKEOVER REGULATIONS, 2011

an investment company or fund and any person who has an interest in such investment company or fund as a shareholder or unitholder having not less than 10 per cent of the paid-up capital of the investment company or unit capital of the fund, and any other investment company or fund in which such person or his associate holds not less than 10 per cent of the paid-up capital of that investment company or unit capital of that fund:

Extract of Regulations 2 (1) (zb) of Promoter group of ICDR regulations , 2009

in case promoter is a body corporate:

(C) any body corporate in which a group of individuals or companies or combinations thereof which hold twenty per cent. or more of the equity share capital in that body corporate also holds twenty per cent. or more of the equity share capital of the issuer; and

(iv) in case the promoter is an individual:

(A) any body corporate in which ten per cent. or more of the equity share capital is held by the promoter or an immediate relative of the promoter or a firm or Hindu Undivided Family in which the promoter or any one or more of his immediate relative is a member;

(B) any body corporate in which a body corporate as provided in (A) above holds ten per cent. or more, of the equity share capital;

(C) any Hindu Undivided Family or firm in which the aggregate shareholding of the promoter and his immediate relatives is equal to or more than ten per cent. of the total;

regards

Extract of Regulations 2 (1) (zb) of Promoter group of ICDR regulations , 2009

Let us take an example.

The issuer company name is Bachhan Films Limited.

Promoter of Bachhan Films Limited are:

1. Aamir Khan production Limited
2. Mr. Amitabh Bhchhan

(iii) in case promoter is a body corporate: (Here Aamir Khan production Limited is a promoter of Bachhan Films Limited and comes under the category of body corporate.)

(A) A holding or subsidiary company of the promoter i.e. Aamir Khan Production Limited.

(B) Any body corporate (say A limited) in which Aamir Khan production Limited holds 10 percent or more or such body corporate (A limited) holds 10 percent or more in Aamir Khan Production Limited. In this case A limited will be promoter of Bachhan Films Limited.

(C) If a common group of individuals or companies or combinations thereof holds 20% or more of the equity share capital of some XYZ limited and Bachhan Films Limited (issuer company) simultaneously, then such XYZ Limited will be treated as promoter of Bachhan Films Limited (issuer company) because of few common shareholders.

(iv) in case the promoter is an individual: (Here Mr. Amitabh Bhchhan is an individual  promoter of Bachhan Films Limited and comes under the category of individual.)

(A) Reliance Industries Limited (RIL) in which ten per cent or more of the equity share capital is held by Mr. Amitabh Bhchhan (the promoter of Bachhan Films Limited) or an immediate relative of the Mr. Amitabh Bhchhan or a firm or Hindu Undivided Family in which the Mr. Amitabh Bhchhan or any one or more of his immediate relative is a member;

In this case such Reliance Industries Limited (RIL) will be treated as promoter of Bachhan Films Limited (issuer company) because Mr. Amitabh Bhchhan or his affiliates are holding ten per cent or more of the Reliance Industries Limited (RIL).

(B) Ranbir Entertainment Limited in which Reliance Industries Limited (RIL) as provided in (A) above holds ten per cent or more, of the equity share capital;

In this case such Ranbir Entertainment Limited will be treated as promoter of Bachhan Films Limited (issuer company) because Reliance Industries Limited (RIL) is holding ten per cent or more of the Ranbir Entertainment Limited.

(C) any Hindu Undivided Family or firm in which the aggregate shareholding of the Mr. Amitabh Bhchhan and his immediate relatives is equal to or more than ten per cent.

In this case such Hindu Undivided Family or firm will be treated as promoter of Bachhan Films Limited (issuer company) because Mr. Amitabh Bhchhan and his immediate relatives is holding ten per cent or more in the Hindu Undivided Family or firm.

Thanks

Dear Sir ,

Thank you  so very much , for the easiest explanation

...........and i m sure more person will benefit from this sharing !!

thanks once again !!

have defined the companies of our group !!

regards