Copy of Gazette Notification dated January 23, 2001

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....Gazette notification dated January 23, 2001 pertaining to valuation and provisioning of non-performing assets (NPAs) for your information. As you are aware, the guidelines in this respect were issued to all mutual funds vide our circular letters dated September 18, 2000 and October 3, 2000. 2. Publication of NAV of close ended schemes on Wednesday After discussion in the meeting of Mutual Fu....

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....of 1992), the Securities and exchange Board of India hereby makes the following regulations, namely: - I. (1) These regulations may be called Securities and exchange Board of India (Mutual Funds)(Amendment) Regulations, 2001.     (2) They shall come into force on the date of their publication in the official Gazette. II. In the Securities and exchange Board of India (Mutual Fund....

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....Where income receivable on investments has accrued but has not been received for the period specified in the guidelines issued by the Board, provision shall be made by debiting to the revenue account the income so accrued in the manner specified by guidelines issued by the Board" (3) In Eleventh schedule, in clause 3, for sub-clause (iii) the following shall be substituted namely:- "(III) Th....