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; (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; (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; (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; (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). (j) ―Technical Member‖ means a Technical Member appointed under sub-section (1) of section 15MB. (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.]