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    <title>Enhancing fund governance for Mutual Funds</title>
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    <description>Independent trustees and independent directors who had served nine years or more as of the prior cutoff may be retained through a phased two-year transition; auditors who have audited a mutual fund for nine years or more may continue until the end of the specified financial year. All other provisions of the earlier circular remain unchanged. The relaxations are issued under Section 11(1) of the SEBI Act and Regulation 77 of the SEBI (Mutual Funds) Regulations to protect investors and regulate the securities market.</description>
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