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of <h1>SEBI Amends Mutual Funds Regulations: Reporting Deadline Reduced from Six to Four Months, Updated Report Formats Required.</h1> The Securities and Exchange Board of India (SEBI) issued the Mutual Funds (Third Amendment) Regulations, 2008, amending the 1996 regulations. Effective from the date of publication in the Official Gazette, the amendment modifies regulation 56 by reducing the time for mutual funds to submit certain reports from six months to four months. It also updates the format for the abridged scheme-wise annual report sent to unitholders. Similarly, regulation 57 is amended to require mutual funds to complete actions within four months instead of six months. These changes aim to streamline reporting and compliance processes for mutual funds.
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