Section 2. Definitions

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 (41 of 1956); 2[(j) "Technical Member" means a Technical Member appointed under sub-section (1) of section 15MB.] 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). 1[(2) Words and expressions used and not defined in this Act but defined in 2[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.]