Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
affiliate
A corporation that is related to another corporation by shareholdings or other means of control; a subsidiary, parent, or sibling corporation. 2. securities. one who controls, is controlled by, or is under common control with an issuer of a security. sec rule lob-18(a)(1) (17 cfr § 240.10b-18(a)(1)). see control person. - affiliate (a-fil-ee-ayt), vb. - affiliation (a-fil-ee-ay-shan), n.
affiliated director
See outside director.
affiliated group
A chain of corporations that can elect to file a consolidated tax return because at least 80% of each corporation is owned by others in the group.
affiliated purchaser
Securities. Any of the following: (1) a person directly or indirectly acting in concert with a distribution participant in connection with the acquisition or distribution of the securities involved; (2) an affiliate who directly or indirectly controls the purchases of those securities by a distribution participant, or whose purchases are controlled by such a participant, or whose purchases are under common control with those of such a participant; (3) an affiliate, who is a broker or a dealer (except a broker-dealer whose business consists solely of effecting, transactions in "exempted securities," as defined in the Exchange Act); (4) an affiliate (other than a broker-dealer) who regularly purchases securities through a broker-dealer, or otherwise, for its own account or for the account of others, or recommends or exercises investment discretion in the purchase or sale of securities (with certain specified exceptions). SEC Rule lob-18(a)(2) (17 CFR § 240.1Ob-18(a)(2)).