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of <h1>SEBI Amends Mutual Funds Regulations: Nominations Now Allowed for Governments, Local Authorities, and Charitable Trusts.</h1> The Securities and Exchange Board of India (SEBI) has issued an amendment to the Mutual Funds Regulations, 1996, effective upon publication in the Official Gazette. The amendment allows nominations in mutual funds to be made in favor of the Central Government, State Government, local authorities, designated persons, or religious and charitable trusts. Additionally, it specifies that certain instructions apply to entities other than religious or charitable trusts. This amendment is part of a series of modifications to the original 1996 regulations, which have been periodically updated since their initial publication.
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