Notification dated 30/7/02 - Bi-monthly Meetings of Trustees, Compensation to Investors/Schemes due to variation in NAVs

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Association of Mutual Funds in India Dear Sirs, We are enclosing a copy of the gazette notification no. 686 dated July 30, 2002 pertaining to SEBI (Mutual Funds) (Third Amendment) Regulations, 2002 for your information and implementation. Yours faithfully, P. K. NAGPAL   THE GAZETTE OF INDIA EXTRAORDINARY PART -II - SECTION 3 - SUB SECTION (ii) PUBLISHED BY AUTHORIT....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....SCHEDULE, for clause 20, the following clause shall be substituted, namely: - " 20. The Trust Deed shall state that a meeting of the trustees shall be held atleast once in every two calendar months and atleast six such meetings shall be held in every year." (ii). In EIGHTH SCHEDULE, a. in clause 5, for the figure "2%" the figure " 1%" shall be substituted. b. after clause 5, the follow....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...." [F. No. SEBI/LGL/14082/2002] G.N. BAJPAI CHAIRMAN Foot notes : The principal regulations, SEBI (Mutual Funds) Regulations, 1996 were issued under S.O No. 856(E) dated December 9, 1996 published in the Gazette of India, Part II, Section 3(ii) dated December 09, 1996. SEBI (Mutual Funds) Regulations, 1996 were subsequently amended - (a) On April 15, 1997 by SEBI (Mutual ....