TaxTMI 
TaxTMI 
TaxTMI 
Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2003
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....Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, namely:- 1. These Regulations may be called the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2003. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the....
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.... be responsible for the overall risk management function of the mutual fund. Explanation: For the purpose of this sub-regulation, the words 'these regulations' shall mean and include the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 as amended from time to time. (6B) The fund managers (whatever the designation may be) shall ensure that the funds of the schemes ar....
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....stment in any fund of funds scheme." (c) after the existing clause 11, the following clause shall be inserted, namely:- "12. A fund of funds scheme shall be subject to the following investment restrictions: (a) A fund of funds scheme shall not invest in any other fund of funds scheme; (b) A fund of funds scheme shall not invest its assets other than in schemes of mutual funds, except to the....
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....32(E). (c) on December 08, 1999 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 1999 vide S.O. No.1223(E). (d) on March 14, 2000 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2000 vide S.O. No.235 (E). (e) on March 28, 2000 by the Securities and Exchange Board of India (Appeal to the Securities Appellate Tribunal) (Am....