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          <h1>Regulation 42: Termination of Mutual Fund Schemes After Completion of Winding Up Process Under SEBI Regulations 1996.</h1> Regulation 42 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, addresses the winding up of mutual fund schemes. It states that once the report under sub-regulation (3) of regulation 41 is received, and the Board is satisfied that all necessary measures for winding up have been completed, the scheme shall be terminated and cease to exist.

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