1. Short title, extent and commencement.—(1) This Act may be called the Securities and Exchange
Board of India Act, 1992.
(2) It extends to the whole of India.
(3) It shall be deemed to have come into force on the 30th day of January, 1992.
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;
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[(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;
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[(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;
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[(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;
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[(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).
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[(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).
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[(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.]