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Copy of Gazette Notification dated January 23, 2001

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..... re enclosing a copy of the Gazette notification dated January 23, 2001 pertaining 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 .....

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..... e powers conferred by sub-section (1) of Section 30 of the Securities and exchange Board of India Act, 1992(15 of 1992), the Securities and exchange Board of India hereby makes the following 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 dat .....

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..... ecified in the guidelines issued by the Board. (2) In Ninth Schedule, for clause (g), the following shall be substituted, namely: (g) Where income receivable on investments has accrued but has not been received 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 .....

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..... 1996. 2. SEBI(Mutual Funds) Regulations,1996 was subsequently amended a. on April 15, 1997 by SEBI (Mutual Funds)(Amendment) Regulations, 1997 vide S.O. No 327(E). b. on January 12,1998 by SEBI(Mutual Funds)(Amendment)Regulations,1998 vide S.O. No 32(E). c. on December 08,1999 by SEBI(Mutual Funds)(Amendment) Regulations,1999 vide S.O. No 1223 (E). d .....

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