Regulation 2 - Definitions - Securities And Exchange Board of India (Procedure For Holding Enquiry By Enquiry Officer And Imposing Penalty) Regulations, 2002

Definitions 2. (1) In these regulations, unless the context otherwise requires,- (a) Act means the Securities and Exchange Board of India Act, 1992 (15 of 1992); (b) Board means the Securities and Exchange Board of India constituted under section 3 of the Act; (c) certificate means a certificate of registration granted to an intermediary under the relevant Regulations; (d) enquiry means an enquiry held under these regulations; 1 [( e) enquiry officer means an officer of the Board, not below the rank of Assistant General Manager or Assistant Legal Advisor, appointed by the Chairman or a member designated in this behalf to conduct enquiry. ] (f) intermediary means a person referred to in sub-section (1) or sub-section (1A) of section 12 of the Act and includes an asset management company in relation to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and a Collective Investment Management Company in relation to the Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999; (g) presenting officer means a legal practitioner or an officer of the Board appointed by the Chairman or a member designated in this behalf to present a case on behalf of the Board before the enquiry officer; (h) relevant Regulations means any of the regulations referred to in regulation 4 made by the Board under section 30 of the Act for regulating the activities of intermediaries; (i) self-regulating organisation means an organisation of intermediaries operating in the securities market duly recognised by or registered with the Board and includes a Stock Exchange; (2) Words and expressions used and not defined in these regulations, but defined in the Act or in the rules or regulations made thereunder, shall have the meanings respectively assigned to them in the Act or rules or regulations made thereunder, as the case may be. ********* Notes 1. Substituted by the SEBI (Procedure for Holding Enquiry Officer and Imposing Penalty) Amendment Regulations, 2004, w.e.f. 13-07-2004. Prior to its substitution, it read as under *[ (e) enquiry Officer means as officer of the Board, not below the rank of a Division Chief, appointed by the Chairman or a member designated in this behalf to conduct enquiry and pass an order under these regulations; *[ As corrected vide SO 1333(E), dated 21.08.2006