Free Float Definition Although this definition fs not explicitly covered in syllabus, but itis important definition (i.e this concept was used while covering reverse merger) arabe a) owes nyse tom 0 Ssrone COtpanes ores ont Grup Conpanes(ane| | heer Associated Companies and ee snatesnetbe soa} | Uadetakings Detition af companies Act, into open aviator canes one 2017 vy Tn Shares: emp oy ok Sha (i Rnyote catego ht we bated ton sens rember FAFR Concept of Lock-n- Explanation: For the purpose ofthis definition: Period (A period in which employees are not able to sell their shares) - 1 “Spenser has the same mesring ss defied in The Co Sane |ERS-02 Share Based Payment 1. “Serr Management Cicer and “Associate have th same mean defined in the Secures Ac "Sponsors" Definition As Per "The Companies (lu of Capital) Rules, 1996, [Remember concept of Reverse Merger Sponsor means: where shares of sponsors shal be inducted {a} person who has contributed inital capital in the issuing company and has the right to into COCin freexe status» _appoint majority of the directs onthe board of the issuing company dicectiy or inicectly by virtue ‘of shareholding held ints oun.name and inthe names of his relatives, sociated companies and associated undertakings; Tavs pon ho rele he person refered spin cle (lsd) — eae ns a a ofthe isuingcompany whether |” [Spore to nate person or wane ot sivectvor erect shares by operation of law. ‘Explanation: For the purpose of this sub-rule the cerm “relative” Includes a spouse, father, mother, brother, sister and son or daughter, including a step or adopted child. “Senior management officer” inchudes, chief executive officer managing director, deputy managing | [Example includes : Company Secretary, director chief operating officer and chief regulatory officer or holder of such by whatever Chief Financial Officer. name called; ee ee associat! in elation to— Individual ~ Senior Monagement Officer [an nia, means {0 that individuals spouse, son, adopted son, stonson, daughter, adopted daughter, stepdaughter, father, stepfather, mother, stepmother, brother, stepbrother, sister Tara] orstepsster; Person (ay amano! wih anda st {i any company in which thatindidual or any of te persons mentioned in sub clause has contro of twenty pstcent armare ofthe voting power in the company, whether such controls exercised individually oF oi (1) ny empleo hat nian or ‘than twenty per cent of the voting power in that company, anda reference inthis Act to an associated person or associated company shall be construed accordingly; fs 4 company, means another company in which the fist mentioned company has control of not less