India - Income Tax Act 2010 - Saarc

1.1075 APPENDIX(h) “securities” include—(i) shares, scrips, stocks, bonds, debentures, debenture stock or other marketablesecurities of a like nature in or of any incorporated company orother body corporate;(ia) derivative;(ib) units or any other instrument issued by any collective investment schemeto the investors in such schemes;(ic) security receipt as defined in clause (zg) of section 2 of the Securitisationand Reconstruction of Financial Assets and Enforcement of SecurityInterest Act, 2002;(id) units or any other such instrument issued to the investors under anymutual fund scheme;(ie) any certificate or instrument (by whatever name called), issued to aninvestor by any issuer being a special purpose distinct entity whichpossesses any debt or receivable, including mortgage debt, assigned tosuch entity, and acknowledging beneficial interest of such investor insuch debt or receivable, including mortgage debt, as the case may be;(ii) Government securities;(iia) such other instruments as may be declared by the Central Governmentto be securities; and(iii) rights or interest in securities;(i) “spot delivery contract” means a contract which provides for,—(a) actual delivery of securities and the payment of a price therefor either onthe same day as the date of the contract or on the next day, the actualperiod taken for the despatch of the securities or the remittance of moneytherefor through the post being excluded from the computation of theperiod aforesaid if the parties to the contract do not reside in the sametown or locality;(b) transfer of the securities by the depository from the account of abeneficial owner to the account of another beneficial owner when suchsecurities are dealt with by a depository;(j) “stock exchange” means—Definitions.(a) any body of individuals, whether incorporated or not, constituted beforecorporatisation and demutualisation under sections 4A and 4B, or(b) a body corporate incorporated under the Companies Act, 1956(1 of 1956) whether under a scheme of corporatisation and demutualisationor otherwise,for the purpose of assisting, regulating or controlling the business of buying,selling or dealing in securities.SECTION 3(1)(ga) OF SICK INDUSTRIAL COMPANIES(SPECIAL PROVISIONS) ACT, 19853. (1) In this Act, unless the context otherwise requires,—** ** **(ga) “net worth” means the sum total of the paid-up capital and free reserves.