Section 2:
Definitions.
(1) In this Act, unless the context otherwise requires,---
(a) "Board" means the Securities and Exchange Board of India established under section 3;
(b) "Chairman" means the Chairman of the Board;
1[(ba) collective investment scheme means any scheme or arrangement which satisfies the
conditions specified in section 11AA;]
(c) "existing Securities and Exchange Board" means the Securities and Exchange Board of India
constituted under the Resolution of the Government of India in the Department of Economic Affairs
No. 1(44)SE/86, dated the 12th day of April, 1988;
(d) "Fund" means the Fund constituted under section 14;
2[(da) "Insurance Regulatory and Development Authority" means the Insurance Regulatory and
Development Authority of India established under sub-section (1) of section 3 of the Insurance
Regulatory and Development Authority Act, 1999 (41 of 1999);
(db) "Judicial Member" means a Member of the Securities Appellate Tribunal appointed under
sub-section (1) of section 15MA and includes the Presiding Officer.]
(e) member means a member of the Board and includes the Chairman;
(f) notification means a notification published in the Official Gazette;
2[(fa) "Pension Fund Regulatory and Development Authority" means the Pension Fund
Regulatory and Development Authority established under sub-section (1) of section 3 of the Pension
Fund Regulatory and Development Authority Act, 2013 (23 of 2013);]
(g) "prescribed" means prescribed by rules made under this Act;
(h) "regulations" means the regulations made by the Board under this Act;
3[(ha) Reserve Bank means the Reserve Bank of India constituted under section 3 of the
Reserve Bank of India Act, 1934 (2 of 1934);]
(i) "securities" has the meaning assigned to it in section 2 of the Securities Contracts (Regulation)
Act, 1956 (42 of 1956).
2[(j) "Technical Member" means a Technical Member appointed under sub-section (1) of
section 15 MB.]
4[(2) Words and expressions used and not defined in this Act but defined in 5[the Securities Contracts
(Regulation) Act, 1956 (42 of 1956) or the Depositories Act, 1996 (22 of 1996)] shall have the meanings
respectively assigned to them in that Act.]
Notes:
1. Ins. by Act 31 of 1999, s. 11 (w.e.f. 22-2-2000).
2. Ins. by Act 7 of 2017, s. 146 (w.e.f. 26-4-2017).
3. Ins. by Act 59 of 2002, s. 2 (w.e.f. 29-10-2002).
4. Subs. by Act 9 of 1995, s. 2, for sub-section (2) (w.e.f. 25-1-1995).
5. Subs. by Act 22 of 1996, s. 30 and the Schedule, for the Securities Contracts (Regulation) Act, 1956 (42 of 1956)
(w.e.f. 20-9-1995).