TaxTMI 
TaxTMI 
Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022
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....and (c) of clause (iv) and clause (vi) of sub-regulation IX of regulation 3, shall come into force on April 1, 2023. 3. In the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996,- I. clause (c) of sub-regulation (15) of regulation 18 shall be substituted with the following clause, namely,- "(c) when the majority of the trustees decide to wind up a scheme in terms of clause (a) of sub regulation (2) of regulation 39 or prematurely redeem the units of a close ended scheme." II. in sub-regulation (2) of regulation 39, the words and symbol "may be wound up, after repaying the amount due to the unit holders" shall be substituted with the words "is to be wound up". III. sub-regulation (3) of regulation 39 shall be substituted as follows, namely - "(3) Where a scheme is to be wound up under sub-regulation (2), the trustees shall give notice within one day, disclosing the circumstances leading to the winding up of the scheme, - a) to the Board; and b) in two daily newspapers having circulation all over India, a vernacular newspaper circulating at the place where the mutual fund is formed: Provid....
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....rry investments in the balance sheet at market value. The realised gains or losses on sale or redemption of investment, as well as unrealised appreciation or depreciation shall be recognised in all financial statements through Revenue Accounts. However, since the unrealised gain arising out of appreciation on investments cannot be distributed, provision has to be made for exclusion of this item when arriving at distributable income." b. in clause (d), after the word and symbol "the "" and before the word "average", the word "weighted" shall be inserted. c. in clause (i), the existing clause shall be numbered as sub-clause (1). d. after sub-clause (1) of clause (i), the following sub-clause shall be inserted, namely,- "(2) The Trustees may, if necessary, transfer a portion of the distributable profits to a dividend equalization reserve. Such a transfer would be independent of the requirement to operate an Equalization Account as provided in (i)(1)." e. clause (k) shall be substituted with the following, namely,- "(k). The investments acquired or sold shall be accounted at transaction price excluding all transaction costs such as ....
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.... "(g) In case of securities, excluding debt securities, where the non-traded investments which have been valued "in good faith" exceed 5% of the net assets at the end of the year, the aggregate value of such investments along with percentage to net assets. In case of debt securities which have been valued at a price other than the price given by the Independent Valuation Agencies at the end of year, the aggregate value of such securities and percentage to net assets; and" f. sub-clause (j) of clause (vii)(A) shall be substituted with the following clause, namely,- "(j) The total income of the scheme shall include unrealised depreciation or appreciation on investment." iv. in para 4, a. in clause (i), after the words "surplus of the mutual fund", and before the words, "These particulars" the words "in the format specified by the Board" shall be inserted. b. in clause (i), the words, symbol and number "These particulars shall contain information enumerated in Annexure 2 of this Schedule." shall be omitted c. clause (iv) shall be omitted. d. in sub-clause (b) of clause (v)(A), the word "net" shall be substitut....
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....e Principal Regulations, were published in the Gazette of India on December 9, 1996 vide S.O. No. 856 (E). 2. The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 were subsequently amended- (1) On April 15, 1997 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 1997 vide S.O. No.327 (E). (2) On January 12, 1998 by the Securities and Exchange Board of India (Mutual Funds)(Amendment) Regulations, 1998 vide S.O. No.32 (E). (3) On December 8, 1999 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 1999 vide S.O. No.1223 (E). (4) On March 14, 2000 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2000 vide S.O. No.235 (E). (5) On March 28, 2000 by the Securities and Exchange Board of India (Appeal to the Securities Appellate Tribunal) (Amendment) Regulations, 2000 vide S.O. No.278 (E). (6) On May 22, 2000 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2000 vide S.O. No.484 (E). (7) On January 23, 2001 by the Securities and Exchange Board of India (M....
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.... F. No. SEBI/LAD/DOP/83065/2006. (23) On May 28, 2007 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2007 vide F. No. 11/LC/GN/2007/2518. (24) On October 31, 2007 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2007 vide F. No. 11/LC/GN/2007/4646. (25) On March 31, 2008 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2008 vide F. No. 11/LC/GN/2008/21669. (26) On April 16, 2008 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2008 vide F. No. LADNRO/ GN/2008/03/123042. (27) On May 22, 2008 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2008 vide No. LADNRO/GN/2008/09/126202. (28) On September 29, 2008 by the Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2008 vide No. LADNRO/ GN/2008/24/139426. (29) On April 8, 2009 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2009 vide No. LAD-NRO/GN/2009-10/01/159601. (30) On June 5, 2009 by the....