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of <h1>Finance Act 2017 revises SEBI Act 1992, adds definitions for IRDA, Judicial Member, PFRDA, and Technical Member.</h1> The Finance Act, 2017, amends the Securities and Exchange Board of India Act, 1992, by adding definitions in section 2, sub-section (1). New clauses define 'Insurance Regulatory and Development Authority' as the authority established under the 1999 Act, 'Judicial Member' as a member of the Securities Appellate Tribunal including the Presiding Officer, 'Pension Fund Regulatory and Development Authority' as established under the 2013 Act, and 'Technical Member' as appointed under section 15MB. These amendments aim to clarify roles and authorities within the regulatory framework.
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