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Home Acts & Rules Bill Bills FINANCE BILL, 2017 Chapters List Part VII AMENDMENTS TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 This
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Clause 144 - Amendment of Act 15 of 1992. - FINANCE BILL, 2017

FINANCE BILL, 2017
Part VII
AMENDMENTS TO THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992
  • Contents

Amendment of Act 15 of 1992.

144. In the Securities and Exchange Board of India Act, 1992(15 of 1992) (hereafter in this Part referred to as the principal Act), in section 2, in sub-section (1),––

(A) after clause (d), the following clauses shall be inserted, namely:––

‘(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;’;

(B) after clause (f), the following clause shall be inserted, namely:––

‘(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);’;

(C) after clause (i), the following clause shall be inserted, namely:––

‘(j) “Technical Member” means a Technical Member appointed under sub-section (1) of section 15MB.’.

 
 
 
 
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