Regulatory recognition of SEBI mutual funds regulations as the governing regulation under the income tax provision, effective upon publication. Notification designates the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as the applicable regulation for the purposes of the specified provision of the Income Tax Act, 1961, issued by the Central Government by Notification No. 27/2019 dated 20 March 2019; the notification takes effect from the date of its publication in the Official Gazette.