Home India Securities and Exchange Board of India In exercise of the powers conferred by section 30 read with ...
Date: 2020-03-06 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by section 30 read with clause c of sub section 2 of section 11 of the Securities and Exchange Board of India Act

Issued by Securities and Exchange Board of India · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document contains the Securities and Exchange Board of India (Mutual Funds Amendment) Regulations, 2020. It amends the Securities and Exchange Board of India Mutual Funds Regulations, 1996. These regulations come into force on the date of their publication in the Official Gazette: March 6, 2020. Key Points / Main Content: Amendments to Regulations: * Regulation 26(1): For gold exchange traded funds, gold or gold-related assets may be held by a custodian registered with the Board. * Regulation 28(4): The sponsor or asset management company must invest at least one percent of the amount raised in the new fund offer or fifty lakh rupees, whichever is less. This investment cannot be redeemed unless the scheme is wound up and must be made in an option specified by the Board. Footnote: * Lists 50 previous amendments to the Securities and Exchange Board of India Mutual Funds Regulations from December 9, 1996, to September 23, 2019, with corresponding regulations and S.O./F. No. references. Impact Analysis: Sponsor or Asset Management Company: * Impact: Must adhere to new investment rules in new fund offers, specifically investing a minimum amount that cannot be redeemed until the scheme is wound up. * Action Required: Ensure compliance with the updated investment requirements for new fund offers as specified in Regulation 28(4). Custodian Registered with the Board: * Impact: May be responsible for holding gold or gold-related assets for gold exchange traded fund schemes. * Action Required: Comply with requirements for custody of gold/gold-related assets as per Regulation 26(1). Securities and Exchange Board of India (SEBI): * Impact: Responsible for enforcing the amended regulations. * Action Required: Ensure the amended regulations are implemented and followed by relevant parties. Mutual Funds: * Impact: Must comply with new regulations regarding asset custody and investment by the sponsor or asset management company. * Action Required: Update internal policies and procedures to align with the new regulations.

Key Entities Referenced

Securities and Exchange Board of India: Regulatory body in India for securities and commodity market. Securities and Exchange Board of India Act, 1992: An act of the Parliament of India to establish a board for protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Securities and Exchange Board of India Mutual Funds Regulations, 1996: Regulations governing mutual funds in India, as established by the Securities and Exchange Board of India. Securities and Exchange Board of India Mutual Funds Amendment Regulations, 2020: Amendment regulations to the Securities and Exchange Board of India Mutual Funds Regulations, 1996, issued in 2020. Mumbai, Maharashtra: The city in Maharashtra, India, where the Securities and Exchange Board of India notification was issued. AJAY TYAGI: Chairman of the Securities and Exchange Board of India during the time of notification. Official Gazette: A publication that contains notifications of government decisions and regulations. Securities Appellate Tribunal: A statutory tribunal to hear and dispose of appeals against orders passed by the Securities and Exchange Board of India
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. NO. D. L.-33004/99 सी.जी.-एम.एxचxx.G-अID.-H0x9x0x 32020-218577 xxxGIDExxx CG-MH-E-09032020-218577 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 103] िई ददल्ली, िुक्रिार, माच ड6, 2020/फाल्ग िु 16, 1941 No. 103] NEW DELHI, FRIDAY, MARCH 6, 2020/PHALGUNA 16, 1941 भारतीय प्रजतभजू त और जिजिमय बोड ड अजधसचू िा मम्ु बई, 6 माच,ड 2020 भारतीय प्रजतभजू त और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2020 स.ं सबे ी/एल.ए.डी.-एि.आर.ओ./िी.एि./2020/07.—बोड,ड भारतीय प्रजतभूजत और जिजिमय बोड ड अजधजियम, 1992 (1992 का 15) की धारा 11 की उप-धारा (2) के खंड (ग) के साथ परित धारा 30 द्वारा प्रदत्त िजियों का प्रयोग करते हुए एतद्द्वारा भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) जिजियम, 1996 का और संिोधि करि े के जलए जिम्नजलजखत जिजियम बिाता ह,ै अथाडत्:- 1. इि जिजियमों को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2020 कहा िा सकेगा । 2. िे रािपत्र म ें उिके प्रकािि की तारीख को प्रिृत्त (लाग)ू होंग े । 3. भारतीय प्रजतभूजत और जिजिमय बोडड (पारस्ट्पररक जिजध) जिजियम, 1996 में, - 1315 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] I. जिजियम 26 में, उप-जिजियम (1) का पहला परंतुक जिम्नजलजखत परंतुक से प्रजतस्ट्थाजपत हो िाएगा, अथाडत,् - “परंतु यह दक स्ट्िणड एक्सचेंि व्यापाररत जिजध स्ट्कीम (गोल्ड एक्सचेंि रेडडे फंड स्ट्कीम) के मामल े में, स्ट्कीम की आजस्ट्तयााँ (असेट्स) [स्ट्िणड या स्ट्िणड से संबंजधत जलखतें (इंस्ट्ूमेंट्स)] बोड ड स े रजिस्ट्रीकृत अजभरक्षक (कस्ट्टोजडयि) की अजभरक्षा (कस्ट्टडी) में रखी िा सकेंगी: ” II. जिजियम 28 म,ें उप-जिजियम (4) जिम्नजलजखत उप-जिजियम स े प्रजतस्ट्थाजपत हो िाएगा, अथाडत्,- “(4) प्रायोिक (स्ट्पॉन्सर) या आजस्ट्त प्रबंध कंपिी (असेट मैिेिमेंट कंपिी) िए जिजध प्रस्ट्ताि (फंड ऑफर) के िररए िुटाई िाि े िाली रकम का कम स े कम एक प्रजतित या पचास लाख रुपये, िो भी कम हो, जििेि करेगी, और इस प्रकार दकए िाि े िाले जििेि की रकम तब तक िापस िहीं ली िाएगी [का तब तक मोचि (को तब तक ररडीम) िहीं दकया िाएगा], िब तक दक स्ट्कीम का पररसमापि (िाइंड-अप) ि हो िाए: परंतु यह दक प्रायोिक (स्ट्पॉन्सर) या आजस्ट्त प्रबंध कंपिी (असेट मैिेिमेंट कंपिी) द्वारा जिििे स्ट्कीम के ऐसे ऑप्िि में दकया िाएगा, िो बोड ड द्वारा जिधाडररत दकया िाए ।” अिय त्यागी, अध्यक्ष [जिज्ञापि-III/4/असा./490/19] पाद रटप्पण : 1. भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) जिजियम, 1996, मूल जिजियम, का.आ. सं. 856(अ), 9 ददसम्बर 1996 को भारत के रािपत्र में प्रकाजित हुए थे । 2. भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) जिजियम, 1996 तत्पश्चात ् – (1) 15 अप्रैल 1997 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 1997, का.आ. सं. 327 (अ), द्वारा (2) 12 िििरी 1998 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 1998, का.आ. स.ं 32 (अ), द्वारा (3) 8 ददसम्बर 1999 को भारतीय प्रजतभूजत और जिजिमय बोडड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 1999, का.आ. स.ं 1223 (अ), द्वारा (4) 14 माचड 2000 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2000, का.आ. सं. 235 (अ), द्वारा (5) 28 माचड 2000 को भारतीय प्रजतभूजत और जिजिमय बोड ड (प्रजतभूजत अपीलीय न्यायाजधकरण को अपील) (संिोधि) जिजियम, 2000, का.आ. सं. 278 (अ), द्वारा[भाग III—खण् ड ] भारत का रािपत्र : असाधारण 3 (6) 22 मई 2000 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2000, का.आ. सं. 484 (अ), द्वारा (7) 23 िििरी 2001 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2001, का.आ. स.ं 69 (अ), द्वारा (8) 29 मई 2001 को भारतीय प्रजतभूजत और जिजिमय बोड ड (मध्यिर्तडयों द्वारा जिजिधाि सलाह) (संिोधि) जिजियम, 2001, का.आ. सं. 476 (अ), द्वारा (9) 23 िुलाई 2001 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2001, का.आ. सं. 698 (अ), द्वारा (10) 20 फरिरी 2002 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2002, का.आ. स.ं 219 (अ), द्वारा (11) 11 िूि 2002 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2002, का.आ. सं. 625 (अ), द्वारा (12) 30 िुलाई 2002 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (तीसरा संिोधि) जिजियम, 2002, का.आ. सं. 809 (अ), द्वारा (13) 9 जसतम्बर 2002 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (चौथा संिोधि) जिजियम, 2002, का.आ. सं. 956 (अ), द्वारा (14) 27 जसतम्बर 2002 को भारतीय प्रजतभूजत और जिजिमय बोड ड (िांच अजधकारी द्वारा िांच करिे और िाजस्ट्त अजधरोजपत करिे के जलए प्रदक्रया) जिजियम, 2002, का.आ. स.ं 1045 (अ), द्वारा (15) 29 मई 2003 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2003, का.आ. सं. 632 (अ), द्वारा (16) 12 िििरी 2004 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2004, फा.स.ं भाप्रजिबो/जिकाजि/िीप्र/4/2004, द्वारा (17) 10 माचड 2004 को भारतीय प्रजतभूजत और जिजिमय बोड ड (उपयुि तथा उजचत व्यजि के जलए मािदडं ) जिजियम, 2004, का.आ. स.ं 398 (अ), द्वारा (18) 12 िििरी 2006 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2006, का.आ. स.ं 38(अ), द्वारा (19) 22 मई 2006 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2006, का.आ. सं. 783(अ), द्वारा (20) 3 अगस्ट्त 2006 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (तीसरा संिोधि) जिजियम, 2006, का.आ. सं. 1254(अ), द्वारा (21) 27 ददसम्बर 2006 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (चौथा संिोधि) जिजियम, 2006, फा. सं. भाप्रजिबो/जिकाजि/िीप्र/82534/2006, द्वारा4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] (22) 27 ददसम्बर 2006 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (पााँचिााँ संिोधि) जिजियम, 2006, फा. सं. भाप्रजिबो/जिकाजि/िीप्र/83065/2006, द्वारा (23) 28 मई 2007 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2007, फा. सं. 11/एलसी/िीएि/2007/2518, द्वारा (24) 31 अिूबर 2007 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2007, फा. सं. 11/एलसी/िीएि/2007/4646, द्वारा (25) 31 माचड 2008 को भारतीय प्रजतभूजत और जिजिमय बोड ड (फीस का संदाय) (संिोधि) जिजियम, 2008,फा.सं.11/एलसी/िीएि/2008/21669, द्वारा (26) 16 अप्रैल 2008 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2008, फा. सं.एलएिी-एिआरओ/िीएि/2008/03/123042, द्वारा (27) 22 मई 2008 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2008, सं. एल.ए.डी.-एि.एि.ओ./िी.एि./2008/09/126202, द्वारा (28) 29 जसतम्बर 2008 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (तीसरा संिोधि) जिजियम, 2008, सं. एलएडी-एिआरओ/िीएि/2008/24/ 139426, द्वारा (29) 8 अप्रैल 2009 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2009, स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./2009-10/01/ 159601, द्वारा (30) 5 िूि 2009 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2009, सं. एल.ए.डी.-एि.आर.ओ./िी.एि./2009- 10/07/165404, द्वारा (31) 29 िुलाई 2010 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2010, स.ं एलएडी-एिआरओ/िीएि/2010-11/13/13945, द्वारा (32) 30 अगस्ट्त 2011 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2011, फा. सं. एल.ए.डी.-एि.आर.ओ./िी.एि./2011-12/22/27668, द्वारा (33) 21 फरिरी 2012 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2012, सं. एलएडी-एिआरओ/िीएि/2011-12/38/4290, द्वारा (34) 26 जसतम्बर 2012 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2012, स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./2012-13/17/ 21502, द्वारा (35) 16 अप्रैल 2013 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2013, स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./2013-14/03/5652, द्वारा (36) 19 िूि 2013 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2013, सं. एल.ए.डी.-एि.आर.ओ./िी.एि./2013-14/12/6108, द्वारा[भाग III—खण् ड ] भारत का रािपत्र : असाधारण 5 (37) 19 अगस्ट्त 2013 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (तीसरा संिोधि) जिजियम, 2013, सं. एल.ए.डी.-एि.आर.ओ./िी.एि./2013-14/18/6384, द्वारा (38) 6 मई 2014 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2014, स.ं एलएडी/एिआरओ/िीएि/2014-15/01/1039, द्वारा (39) 23 मई 2014 को भारतीय प्रजतभूजत और जिजिमय बोड ड (फीस का संदाय) (संिोधि) जिजियम, 2014, स.ं एल.ए.डी.-एि.आर.ओ./िी.एि./2014-15/03/1089, द्वारा (40) 30 ददसम्बर 2014 को भारतीय प्रजतभूजत और जिजिमय बोडड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2014, सं. एलएडी-एि.आर.ओ./िी.एि./2014-15/19/ 1973, द्वारा (41) 15 मई 2015 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2015, स.ं सेबी-एि.आर.ओ./ओ.आई.ए.इ./िी.एि./2015-16/005, द्वारा (42) 12 फरिरी 2016 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2016, सं. सेबी/एल.ए.डी.एि.आर.ओ./िी.एि./2015-16/034, द्वारा (43) 15 फरिरी 2017 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2017, सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2016-17/031, द्वारा (44) 13 माचड 2018 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2018, स.ं सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/02, द्वारा (45) 30 मई 2018 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2018, सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/14, द्वारा (46) 6 ददसम्बर 2018 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (तीसरा संिोधि) जिजियम, 2018, सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/50, द्वारा (47) 13 ददसम्बर 2018 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (चौथा संिोधि) जिजियम, 2018, सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2018/51, द्वारा (48) 1 िििरी 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड (प्रजतभूजत अजभरक्षक) (संिोधि) जिजियम, 2018, सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2019/01, द्वारा (49) 26 अप्रैल 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (संिोधि) जिजियम, 2019, सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2019/011, द्वारा (50) 23 जसतम्बर 2019 को भारतीय प्रजतभूजत और जिजिमय बोड ड (पारस्ट्पररक जिजध) (दसू रा संिोधि) जिजियम, 2019, सं. सेबी/एल.ए.डी.-एि.आर.ओ./िी.एि./2019/37, द्वारा संिोजधत हुए थ े ।6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, 06th March, 2020 SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS) (AMENDMENT) REGULATIONS, 2020 No. SEBI/LAD/NRO/GN/2020/07.— In exercise of the powers conferred by section 30, read with clause (c) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, namely:— 1. These Regulations may be called the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2020. 2. They 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 26,- i. first proviso to sub-regulation (1) shall be substituted by the following clause, namely,- “Provided that in case of a gold exchange traded fund scheme, the assets of the scheme being gold or gold related instruments may be kept in the custody of a custodian registered with the Board”. II. in regulation 28, - i. sub-regulation (4) shall be substituted by the following clause, namely,- “28(4). The sponsor or asset management company shall invest not less than one percent of the amount which would be raised in the new fund offer or fifty lakh rupees, whichever is less, and such investment shall not be redeemed unless the scheme is wound up: Provided that the investment by the sponsor or asset management company shall be made in such option of the scheme, as may be specified by the Board.” AJAY TYAGI, Chairman [ADVT.-III/4/Exty./490/19] Footnote: 1. The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, the Principal Regulations, were published in the Gazette of India on December 9, 1996 vide S.O. No. 856 (E). 2. The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 were subsequently amended– (1) on April 15, 1997 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 1997 vide S.O. No.327 (E). (2) on January 12, 1998 by the Securities and Exchange Board of India (Mutual Funds)(Amendment) Regulations, 1998 vide S.O. No.32 (E).[भाग III—खण् ड ] भारत का रािपत्र : असाधारण 7 (3) on December 08, 1999 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 1999 vide S.O. No.1223 (E). (4) on March 14, 2000 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2000 vide S.O. No.235 (E). (5) on March 28, 2000 by the Securities and Exchange Board of India (Appeal to the Securities Appellate Tribunal) (Amendment) Regulations, 2000 vide S.O. No.278 (E). (6) on May 22, 2000 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2000 vide S.O. No.484 (E). (7) on January 23, 2001 by the Securities and Exchange Board of India (Mutual Funds)(Amendment) Regulations, 2001 vide S.O. No.69 (E). (8) on May 29, 2001 by the Securities and Exchange Board of India (Investment Advice by Intermediaries) (Amendment) Regulations, 2001 vide S.O. No.476 (E). (9) on July 23, 2001 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2001 vide S.O. No.698 (E). (10) on February 20, 2002 by the Securities and Exchange Board of India (Mutual Funds)(Amendment) Regulations, 2002 vide S.O. No.219 (E). (11) on June 11, 2002 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2002 vide S.O. No.625 (E). (12) on July 30, 2002 by the Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2002 vide S.O. No.809 (E). (13) on September 9, 2002 by the Securities and Exchange Board of India (Mutual Funds)(Fourth Amendment) Regulations, 2002 vide S.O. No.956 (E). (14) on September 27, 2002 by the Securities and Exchange Board of India (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 vide S.O. No.1045 (E). (15) on May 29, 2003 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2003 vide S.O. No. 632 (E). (16) on January 12, 2004 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2004 vide F.No. SEBI/LAD/DOP/4/2004. (17) on March 10, 2004 by the Securities and Exchange Board of India (Criteria for Fit and Proper Person) Regulations, 2004 vide S.O. No. 398 (E). (18) on January 12, 2006 by the Securities and Exchange Board of India (Mutual Funds)(Amendment) Regulations, 2006 vide S.O. No. 38 (E). (19) on May 22, 2006 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2006 vide S.O. No. 783 (E). (20) on August 3, 2006 by the Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2006 vide S.O. No. 1254 (E). (21) on December 27, 2006 by the Securities and Exchange Board of India (Mutual Funds) (Fourth Amendment) Regulations, 2006 vide F. No. SEBI/LAD/DOP/82534/2006. (22) on December 27, 2006 by the Securities and Exchange Board of India (Mutual Funds) (Fifth Amendment) Regulations, 2006 vide F. No. SEBI/LAD/DOP/83065/2006. (23) on May 28, 2007 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2007 vide F. No. 11/LC/GN/2007/2518. (24) on October 31, 2007 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2007 vide F. No. 11/LC/GN/2007/4646. (25) on March 31, 2008 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2008 vide F. No. 11/LC/GN/2008/21669. (26) on April 16, 2008 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2008 vide F. No. LADNRO/ GN/2008/03/123042. (27) on May 22, 2008 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2008 vide No. LADNRO/GN/2008/09/126202. (28) on September 29, 2008 by the Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2008 vide No. LADNRO/ GN/2008/24/139426. (29) on April 8, 2009 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2009 vide No. LAD-NRO/GN/2009-10/01/159601. (30) on June 5, 2009 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2009 vide No. LAD- NRO/GN/2009-10/07/165404. (31) on July 29, 2010 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2010 vide No. LAD-NRO/GN/2010-11/13/13945. (32) on August 30, 2011 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2011 vide No. LAD-NRO/GN/2011-12/27668.8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] (33) on February 21, 2012 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2012 vide No. LAD-NRO/GN/2011-12/38/4290. (34) on 26th September, 2012 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2012 vide No. LAD-NRO/GN/2012-13/17/21502. (35) on 16th April, 2013 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/03/5652. (36) on 19th June, 2013 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/12/6108. (37) on 19th August, 2013 by the Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/18/6384. (38) on 6th May, 2014 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/01/1039. (39) on 23rd May, 2014 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/03/1089. (40) on 30th December, 2014 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/19/1973. (41) on 15th May, 2015 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2015 No. NROOIAE/GN/2015-16/005. (42) on 12th February, 2016 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2016 vide No. SEBI/LAD-NRO/GN/2015-16/034. (43) on 15th February, 2017 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2017 vide No. SEBI/LAD/NRO/GN/2016-17/031. (44) on 13th March, 2018 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2018 vide No. SEBI/LAD-NRO/GN/2018/02. (45) on 30th May, 2018 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2018 vide No. SEBI/LAD-NRO/GN/2018/14. (46) on 6th December, 2018 by the Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2018 vide No. SEBI/LAD-NRO/GN/2018/50. (47) on 13th December, 2018 by the Securities and Exchange Board of India (Mutual Funds) (Fourth Amendment) Regulations, 2018 vide No. SEBI/LAD-NRO/GN/2018/51. (48) on 1st January, 2019 by the Securities and Exchange Board of India (Custodian of Securities) (Amendment) Regulations, 2018 vide No. SEBI/LAD-NRO/GN/2019/01. (49) on 26th April, 2019 by the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/011. (50) On 23rd September, 2019 by the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2019 vide No. SEBI/LAD-NRO/GN/2019/37. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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