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Section2
The Securities and Exchange Board of India Act, 1992

Definitions

In force From 30 Jan 1992 Act 15 of 1992 As on 18 Oct 2026

Act 15 of 1992 Ministry Finance Enacted 04 Apr 1992 In force 30 Jan 1992 Cited by 3 provisions Instruments 34

Section 2 of the Securities and Exchange Board of India Act, 1992 deals with definitions. In this Act, unless the context otherwise requires,--- (a) "Board" means the Securities and Exchange Board of India established under section 3; The Act came into force on 30 Jan 1992.

(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.]

Section 2, The Securities and Exchange Board of India Act, 1992 (Act 15 of 1992).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Insurance Regulatory and Development Authority Act s. 3 Establishment and incorporation of Authority
  2. Pension Fund Regulatory and Development Authority Act s. 3 Establishment and incorporation of Authority
  3. s. 3 Establishment and incorporation of Board
  4. s. 11AA Collective investment scheme
  5. s. 14 Fund
  6. s. 15 Accounts and audit
  7. s. 15MA Amendment of Presiding Officer and Judicial Member

Referred to by 3

  1. Finance Act s. 4 Amendment of section 10
  2. Income-tax Act s. 10 Incomes not included in total income
  3. Income-tax Rules s. 10U Chapter X-A not to apply in certain cases

Made under this section, and citing it

34 instruments name this provision in its title or its text without being made under it.

All subordinate legislation

Questions about Section 2

What does Section 2 of the Securities and Exchange Board of India Act deal with?

Section 2 of the Securities and Exchange Board of India Act is headed "Definitions". In this Act, unless the context otherwise requires,--- (a) "Board" means the Securities and Exchange Board of India established under section 3;

How do I find court cases under Section 2 of the Securities and Exchange Board of India Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Sebi Act 2, section 2 Sebi Act, section 2 of the Securities and Exchange Board of India Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 2 of the Securities and Exchange Board of India Act, and has it changed?

Its own text turns on Insurance Regulatory and Development Authority Act 3 (Establishment and incorporation of Authority), Pension Fund Regulatory and Development Authority Act 3 (Establishment and incorporation of Authority), section 3 (Establishment and incorporation of Board), section 11AA (Collective investment scheme), and on 3 further provisions, so none of them can safely be read on its own. 3 other provisions in this corpus refer back to it. 34 instruments name it without being made under it, most recently SEBI (Prohibition of Insider Trading) Regulations, 2015 (Last amended on January 21, 2019) (2019), then the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 last amended on May 10, 2019. (2019).

When did Section 2 of the Securities and Exchange Board of India Act come into force?

Section 2 of the Securities and Exchange Board of India Act, cited as Sebi Act 2, came into force on 30 Jan 1992, having been enacted on 04 Apr 1992. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 18 Oct 2026. This page is not a substitute for legal advice.