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of <h1>SEBI's 1993 Mutual Funds Regulations: Framework for Establishment, Operation, and Investor Protection in India's Securities Market.</h1> The Securities and Exchange Board of India (SEBI) issued the Mutual Funds Regulations, 1993, under the authority granted by the Securities and Exchange Board of India Act, 1992. These regulations were established with the prior approval of the Central Government and were officially notified on January 20, 1993, in Bombay. The regulations outline the framework for the establishment and operation of mutual funds in India, aiming to regulate and promote the securities market while protecting investor interests.
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