Securities and Exchange Board of India Act

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THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 [Act No. 15 of 1992] [4th April, 1992] PREAMBLE An Act to provide for the establishment of a Board to protect the interests of investors in securities and to promote the development of, and to regulate, the securities market and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Forty-third Year of the Republic of India as follows:- (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. (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. l(44)SE/86, dated the 12th day of April, 1988; (d) Fund me