Securities And Exchange Board Of India - Subsection
Section 2(1)(v) in Securities and Exchange Board of India (Research Analysts) Regulations, 2014
(v)"research entity" means an intermediary registered with Board who is also engaged in merchant banking or investment banking or brokerage services or underwriting services and issue research report or research analysis in its own name through the individuals employed by it as research analyst and includes any other intermediary engaged in issuance of research report or research analysis;