9911796707
TMI BlogSecurities And Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2007X X X X Extracts X X X X X X X X Extracts X X X X ..... ) The provisions of clauses (ii), (iii) and (v) of regulation 3 shall come into force on such date as may be specified by the Board by notification in the Official Gazette. (2) All other provisions of these regulations shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, - (i) in regulation 2, after clause (mm), the following clause shall be inserted, namely:- (mn) index fund scheme means a mutual fund scheme that invests in securities in the same proportion as an index of securities; (ii) in regulation 44, for sub-regulation (4), the following sub-regulation shall be substituted, namely:- (4) A mutual fund ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll be substituted, namely:- 6. Every mutual fund shall buy and sell securities on the basis of deliveries and shall in all cases of purchases, take delivery of relevant securities and in all cases of sale, deliver the securities: Provided that a mutual fund may engage in short selling of securities in accordance with the framework relating to short selling and securities lending and borrowing specified by the Board: Provided further that a mutual fund may enter into derivatives transactions in a recognized stock exchange, subject to the framework specified by the Board. M. DAMODARAN, Chairman [ADVT III/IV/69-ZB/2007/Exty.] Footnotes: (1) The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t) Regulations, 2001 vide S.O. No.698(E). (j) on February 20, 2002 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2002 vide S.O. No.219 (E). (k) on June 11, 2002 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2002 vide S.O. No.625 (E). (l) on July 30, 2002 by the Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2002 vide S.O. No.809(E). (m) on September 9, 2002 by the Securities and Exchange Board of India (Mutual Funds) (Fourth Amendment) Regulations, 2002 vide S.O. No.956(E). (n) on September 27, 2002 by the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer ..... X X X X Extracts X X X X X X X X Extracts X X X X
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