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<h1>SEBI Mutual Funds Regulations Define Key Terms: Asset Management, Broker, Schemes, Custodian, and More under 1996 Rules.</h1> The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, outlines definitions pertinent to mutual funds. Key terms include 'Act,' referring to the SEBI Act, 1992; 'advertisement,' encompassing communications influencing investor decisions; and 'associate,' which involves entities controlling or being controlled by asset management companies or trustees. 'Asset management company' is defined under the Companies Act, and 'broker' refers to stock brokers per SEBI regulations. Definitions also cover various mutual fund schemes, such as 'capital protection oriented scheme,' 'close-ended scheme,' and 'exchange traded fund.' Other terms include 'custodian,' 'depository,' 'economic offence,' and 'fraud,' among others, with detailed descriptions of their roles and implications within the mutual fund framework.