Regulation 106N - Definitions - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009

Definitions. 1 [106N.] (1) In this Chapter, unless the context otherwise requires, - (a) Main Board means a recognized stock exchange having nationwide trading terminals, other than SME exchange; (b) nominated investor means a qualified institutional buyer or private equity fund, who enters into an agreement with the merchant banker to subscribe to the issue in case of under-subscription or to receive or deliver the specified securities in the market-making process; Explanation: private equity fund means a fund registered with any regulatory authority or a fund established by any person registered with any regulatory authority; (c) SME exchange means a trading platform of a recognised stock exchange having nationwide trading terminals permitted by the Board to list the specified securities issued in accordance with this Chapter and includes a stock exchange granted recognition for this purpose but does not include the Main Board; (2) All other words and expression used in this Chapter but not defined under sub- regulation (1) shall derive their meaning from regulation 2 of these regulations. ****** 1 Substituted for 106B , by SEBI (Issue of Capital and Disclosure Requirements) (Second Amendment) Regulations, 2011, w.e.f. 23.09.2011.