(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;]
(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[(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.]