Copy of Gazette Notification dated January 23, 2001

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..... ng 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 Funds Advisory Committee and further with the Association .....

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..... owing 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 Funds)(Amendment) Regulations, 1996: - (a)In Eighth schedule, in clause (1), in sub-clauses (v) .....

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..... ceived 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) The Balance sheet shall disclose under each type of investment(s) .....

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