The Securities and Exchange Board of India Act, 1992
CHAPTER I: PRELIMINARY
Section 2: Definitions
Bare Act
(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
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Simplified Act
Explanation:
This section explains some specific terms used in this law:
- Board: Refers to the Securities and Exchange Board of India, which is created by section 3 of this Act.
- Chairman: The leader of the Board.
- Collective investment scheme: