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of <h1>Securities and Exchange Board of India establishes Mutual Funds Regulations, 1996 under Section 30 and Section 11(2)(c).</h1> The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, are established under the authority granted by section 30 and clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992. These regulations are intended to govern mutual funds in India. They are officially titled as such and became effective upon their publication in the Official Gazette on December 9, 1996.
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