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<h1>SEBI may suspend new mutual fund launches for violations under SEBI (Mutual Funds) Regulations, 1996, per sections 11, 11B, 24.</h1> The Securities and Exchange Board of India (SEBI) may take action against mutual funds for regulatory violations under the SEBI (Mutual Funds) Regulations, 1996. This includes suspending the launch of new mutual fund schemes for up to one year or forfeiting investments made by asset management companies in their schemes. Such actions are initiated under sections 11, 11B, and 24 of the Act, and Chapter VIA, ensuring due process with an opportunity for a hearing. Recent amendments have refined these procedures, emphasizing the Board's authority to enforce compliance while maintaining procedural fairness.