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TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... arious companies on behalf of the beneficiaries of insurance policies or such other schemes as may be specified by the Board from time to time. ] 23 [ (d) asset management company means a company formed and registered under the Companies Act 1956 (1 of 1956) or Companies Act, 2013 (18 of 2013) and approved by the Board under sub regulation (2) of regulation 21; ] (e) broker means a stock broker as defined in Securities and Exchange Board of India 24 [ (Stock Brokers) Regulations, 1992 ] ; 2 [(ea) capital protection oriented scheme means a mutual fund scheme which is designated as such and, which 25 [ endeavours ] to protect the capital invested therein through suitable orientation of its portfolio structure;] (f) close-ended scheme means any scheme of a mutual fund in which the period of maturity of the scheme is specified; (g) control means,- (i) in the case of a company any person 26 [ ,either individually or together with persons acting in concert, ] who directly or indirectly own, control or hold shares carrying not less than 10% of the voting rights of such company; or (ii) as between two companies, if the same person 27 [ , either individually or together with persons acting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proportion as an index of securities;] 8 [(mo) InvIT or Infrastructure Investment Trust shall have the meaning assigned in clause (za) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014;] (n) inspecting officer means any person appointed as such by the Board under Chapter VIII; 43 [ (na) Liquid networth means the networth deployed in liquid assets which are unencumbered and shall include cash, money market instruments, Government Securities, Treasury bills, Repo on Government securities and any other like instruments as specified by the Board from time to time. ] 48 [ (nb) market abuse includes manipulative, fraudulent and unfair trade practices which may contravene Section 12A of the Act or any of the provisions of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 or the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015; ] (o) money market instruments includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e mutual fund scheme means a mutual fund scheme that invests directly or indirectly in real estate assets or other permissible assets in accordance with these regulations;] 34 [ (t) relative means a person as defined in section 2(77) of the Companies Act, 2013 (18 of 2013); ] (u) scheme means a scheme of a mutual fund launched under Chapter V; (v) schedule means any of the schedules annexed to these regulations; 35 [ (w) securities laws means the Act, the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and the Depositories Act, 1996 (22 of 1996), the provision of any other law to the extent it is administered by the Board and the relevant rules and regulations made thereunder; ] 40 [ (wa) silver exchange traded fund scheme shall mean a mutual fund scheme that invests primarily in silver or silver related instruments; (wb) silver related instrument shall mean such an instrument as may be specified by the Board from time to time, which has silver as the underlying product; ] (x) sponsor means any person who, 36 [ acting individually or in concert ] with another body corporate, establishes a mutual fund; 16 [(y) 46 [ trustees mean the trustee company that holds the property o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tual Funds) ((Second Amendment) Regulations, 2007, w.e.f.31-10-2007. 8 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2017, w.e.f. 15-02-2017. 9 Substituted by the SEBI (Mutual Funds) (Amendment) Regulations, 2008, w.e.f. 16-4-2008. Prior to its substitution , clause (q) read as under; (q) mutual fund means a fund established in the form of a trust to raise monies through the sale of units to the public or a section of the public under one or more schemes for investing in securities, including money market instruments *[or gold or gold related instruments]; [*Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2006, w.e.f. 12-1-2006] 10 Substituted for ; by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013. 11 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013. 12 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013. 13 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2017, w.e.f. 15-02-2017. 14 Renumbered by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013. The clause was inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2008, w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as or combination of persons 28. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as Limitation of Prosecution 29. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 30. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as, (m) fraud for the purpose of these regulations has the same meaning as is assigned to it in section 17 of the Indian Contract Act, 1872 (9 of 1872); 31. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as 6 [(mm) group means a group as defined in clause (ef) of section 2 of the Monopolies and Restrictive Trade Practices ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cation No. SEBI/LAD-NRO/GN/2021/56 dated 09-11-2021 w.e.f. 09-12-2021 before it was read as, 32 [ (q) mutual fund means a fund established in the form of a trust to raise monies through the sale of units to the public or a section of the pubic under one or more schemes for investing in securities, money market instruments, gold or gold related instruments, real estate assets and such other assets and instruments as may be specified by the Board from time to time: ] 40. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/56 dated 09-11-2021 w.e.f. 09-12-2021 41. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/92 dated 03-08-2022 shall come into force on the thirtieth day from the date of their publication in the Official Gazette before it was read as, ; 42. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/92 dated 03-08-2022 shall come into force on the thirtieth day from the date of their publication in the Official Gazette 43. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/134 dated 26-06-2023 w.e.f. 01-08-2023 44. Re-Numbered vide Notification No. SEBI/LAD-NRO/GN/2023/134 dated 26-06-2023 w.e.f. 01-01-2024 before it was read as, (qa) 45. Inserted vide Notification ..... X X X X Extracts X X X X X X X X Extracts X X X X
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