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<h1>SEBI merchant banker rules define key terms: issue, merchant banker, principal officer, underwriter, and change in control.</h1> Regulation 2 defines key terms for the Merchant Bankers Regulations, including Act, 'body corporate', 'certificate' of registration, 'inspecting authority', and forms; establishes issue and merchant banker as market-facing concepts governing offer and management of securities; defines underwriter and underwriting; prescribes that undefined terms derive meaning from the Act and related statutes; defines principal officer with experience and responsibility requirements; and distinguishes change in control definitions for listed and unlisted bodies corporate.