9911796707
TMI BlogSecurities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2000.X X X X Extracts X X X X X X X X Extracts X X X X ..... 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) the Board hereby makes the following Regulations further to amend the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, namely: I. (1) These Regulations may be called the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2000. (2) They shall come into force on th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a newspaper published in the language of the region where the Head Office of the mutual fund is situated; and (ii) the unit holders are given an option to exit at the prevailing Net Asset Value without any exit load. (2) In regulation 22, the existing clause (e), shall be substituted by the following new clause (e) - (e) no change in the controlling interest of the asset management ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... such limit can be made in mortgaged backed securitised debt which are rated not below investment grade by a credit rating agency registered with the Board. (b) the clause (11), shall be substituted by the following: (11) A mutual fund scheme shall not invest more than 5% of its NAV in the unlisted equity shares or equity related instruments in case of open ended scheme and 10% of its ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lished in the Gazette of India dated February 6, 1998. (c) SEBI (Mutual Funds) (Amendment) Regulations, 1999 issued under S.O. No. 1223(E), published in the Gazette of India dated December 8,1999. (3) SEBI (Mutual Funds) (Amendment) Regulations, 2000 issued under S.O. No. 235(E) published in the Gazette of India dated March 14, 2000. ********* Notes:- ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
