Indian Resident definition

Indian Resident means a Person resident in India as per the following:
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Indian Resident is a person resident in India as defined under clause 2(v) Foreign Exchange Management Act, 1999. The same is reproduced as under: Person resident in India for more than 182 days during the course of preceding financial year but does not include: i. A person who has gone out of India or who stays outside India, in either case : a) For or on taking up employment outside India; or b) For carrying on outside India a business or vocation outside India; or c) For any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period. ii. A person who has come to or stay in India, in either case, otherwise than a) For or on taking up employment in India, or b) For carrying on in India a business or vocation in India, or c) For any other purpose, in such circumstances as would indicate his intention to stay in India for an uncertain period;
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Indian Resident means a “person resident in India” as such term is defined at Section 2(v) of The Foreign Exchange Management Act, 1999 of India (as may be amended from time to time).
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Examples of Indian Resident in a sentence

  • In case of transmission of units and payment of redemption proceeds where investment made by an Indian Resident through Indian banking channel and nominee is NRI, the AMC shall transfer the redemption proceeds to NRI’s Non-Resident Ordinary (NRO) Rupee Account (NRO Account) only, subject to compliance with other applicable procedure.

  • Mandatory) Indian Resident Individual Minor (Resident)State Minor (Repatriable) MinDor D(Non Repatriable) Y Y Y YNRI (Repatriable) NRI (Non-Repatriable) PIO Sole Proprietorship HUF - Indian HUF - NR Partnership Firm Limited Partnership (LLP) Public Ltd.

  • Pradeep Kumar Panda, S/o Late Shri Gobardhan Panda aged 49 years, is an Indian Resident residing at Flat No.1B, Krishna Orms Leigh, Door No.36 & 37, Dr. Muniappa Road, Kilpauk, Chennai – 600 010, Tamil Nadu, India.

  • In case of transmission of units and payment of redemption proceeds where investment made by an Indian Resident through Indian banking channel and nominee is NRI, the AMC shall transfer the redemption proceeds to NRI’s Non Resident Ordinary (NRO) Rupee Account (NRO Account) only, subject to compliance with other applicable procedure.

  • Furthermore, the Issuer shall not honour a transfer of beneficial interests in any Indian Participation Security to any person who is an Indian Resident, a Non-Resident Indian or an Unregulated Entity.

  • If the Issuer determines at any time that any Holder of an Indian Participation Security is an Indian Resident, a Non- Resident Indian or an Unregulated Entity, the Issuer may direct the Holder to sell or transfer its Indian Participation Security to a person who is not an Indian Resident within 14 days following receipt of notice of the direction.

  • In case of transmission of units and payment of redemption proceeds where investment made by an Indian Resident through Indian banking channel and nominee is NRI, the AMC shall transfer the redemption proceeds to NRI‟s Non Resident Ordinary (NRO) Rupee Account (NRO Account) only, subject to compliance with other applicable procedure.

  • Indian Resident Applicants should attach a copy of their Income Tax Permanent Account Number Card (PAN Card).

  • Mohanlal Bhimjibhai Patel, s/o Mr. Bhimjibhai Ramjibhai Patel, aged 59 years, is an Indian Resident, bearing PAN ‘AEDPP7400C’ under the Income Tax Act, 1961, resident at 4, Hiraram Complex, Suman Desai ni wadi, Opp.

  • Act 1961, no tax is required to be withheld on any interest payable on any security issued by a company, where such security is in dematerialized form held by an Indian Resident and is listed on a recognized stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and the rules made there under.


More Definitions of Indian Resident

Indian Resident is a person resident in India as defined under clause 2(v) Foreign Exchange Management Act, 1999. The same is reproduced as under: Person resident in India for more than 182 days during the course of preceding financial year but does not include: A) A person who has gone out of India or who stays outside India, in either case: (A.1) for or on taking up employment outside India; or
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Indian Resident means a person resident in India as set out in the Income Tax Act, 1961 (as may be updated, amended and/or supplemented from time to time); and
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Indian Resident means a Person resident in India in terms of Section 6 of the Income Tax Act which, includes:
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Indian Resident means a person resident in India in terms of Section 2(v) of FEMA which, as of the date of this Offering Circular, includes:
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Indian Resident means: (a) a natural person residing in India for more than one hundred and eighty-two days during the course of the preceding financial year but does not include:
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Related to Indian Resident

  • Canadian Resident means, at any time, a Person who at that time is (a) not a non-resident of Canada for purposes of the Tax Act or (b) an authorized foreign bank deemed to be resident in Canada for purposes of the Tax Act in respect of all amounts paid or credited to such Person under the Canadian Revolving Credit Commitment or Canadian Letter of Credit Commitment pursuant to this Agreement.

  • Non-Resident means in the case of an individual, one who maintains a place of abode outside Hong Kong; and in the case of a corporation, one which is not incorporated in Hong Kong.

  • Irish Resident means any person Resident in Ireland or Ordinarily Resident in Ireland for tax purposes;

  • Non-residential means lands, Buildings or portions thereof used, or designed or intended for other than Residential use, including the non- residential portion of a Live-Work Unit;

  • Non-Residents means: (i) non-residents of Canada; (ii) partnerships that are not Canadian partnerships; or (iii) a combination of non-residents and such partnerships (all within the meaning of the Tax Act).

  • Eligible resident means an individual or family who resided in a disaster-affected home at the time of the natural disasters of 2008 and who:

  • Ordinarily Resident in Ireland means “Ordinarily Resident in Ireland” as defined in

  • Family or household member means (i) the person's spouse, whether or not he or she resides in the

  • Local Resident means Washington laborers, workers, or me- chanics receiving an hourly wage who live within fifty miles of the project being constructed unless the project is being constructed in a rural county, then it is defined as Washington workers who live within two hundred miles of the project.

  • ordinarily resident means a person who actually lives and has lived continuously within the community council’s geographic territory as described in its MNO Community Charter Agreement for at least one (1) month immediately prior to the date of the community council’s election announcement. Such person must have a permanent residence (i.e. address) within the community council’s geographic area. In making such determination, temporary absences from the community for reasons such as travel, education, medical treatment, military service or incarceration shall be considered periods of residence provided the person was ordinarily resident prior to such temporary absence. Such person can have only one place of ordinary residence.

  • person resident outside India means a person who is not resident in India;

  • Resident means a student whose parents, legal guardians, persons having lawful control of the student, or persons standing in loco parentis reside in the school district.

  • School Corporation means the Western Xxxxx County Community School Corporation of the County of Xxxxx of the State of Indiana;

  • non-resident taxable person means any person who occasionally undertakes transactions involving supply of goods or services or both, whether as principal or agent or in any other capacity, but who has no fixed place of business or residence in India;

  • Foreign nonprofit corporation means an entity:

  • Indian child means any unmarried person who is under age eighteen and is either (a) a member of an Indian tribe or (b) is eligible for membership in an Indian tribe and is the biological child of a member of an Indian tribe;

  • Family or household members means spouses, domestic partners, former spouses, former domestic partners, persons who have a child in common regardless of whether they have been married or have lived together at any time, adult persons related by blood or marriage, adult persons who are presently residing together or who have resided together in the past, persons sixteen years of age or older who are presently residing together or who have resided together in the past and who have or have had a dating relationship, persons sixteen years of age or older with whom a person sixteen years of age or older has or has had a dating relationship, and persons who have a biological or legal parent-child relationship, including stepparents and stepchildren and grandparents and grandchildren.

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

  • temporary resident means a person who, in accordance with standards prescribed in rules adopted by the registrar, resides in this state on a temporary basis.

  • Primary Residence means an Insured’s fixed, permanent and main home for legal and tax purposes.

  • Community Development Director means the Director of City’s Department of Community Development or his or her designee.

  • OHIO RESIDENTS The Ohio laws against discrimination require that all creditors make credit equally available to all creditworthy customers and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

  • Designated Non-423 Corporation means any Related Corporation or Affiliate selected by the Board to participate in the Non-423 Component.

  • Corporate Officer means, with respect to the Recipient, its president; any vice president in charge of a principal business unit, division, or function (such as sales, administration or finance); any other officer who performs a policy-making function; or any other person who performs similar policy making functions for the Recipient. Executive officers of subsidiaries or parents of the Recipient may be deemed Corporate Officers of the Recipient if they perform such policy-making functions for the Recipient.

  • Designated 423 Corporation means any Related Corporation selected by the Board to participate in the 423 Component.

  • Citizen means a person who is enrolled on the MNO Registry,