Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999

Chapter: I
PRELIMINARY
Regulation 1	:	Short title and commencement
Regulation 2	:	Definitions
Chapter: II
REGISTRATION OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY
Regulation 3	:	No Person Other than Collective Investment Management Company to Launch collective investment scheme
Regulation 4	:	Application for grant of certificate
Regulation 4A	:	Application by a scheme or arrangement deemed to be a collective investment scheme
Regulation 5	:	Application by existing Collective Investment Schemes.
Regulation 6	:	Application fee to accompany the application
Regulation 7	:	Application to conform to the requirements
Regulation 8	:	Furnishing information
Regulation 9	:	Conditions for eligibility
Regulation 9A	:	Criteria for fit and proper person
Regulation 9B	:	Collective Investment Management Company
Regulation 10	:	Grant of Certificate
Regulation 11	:	Terms and conditions to be complied with
Regulation 12	:	Procedure where registration is not granted
Chapter: III
BUSINESS ACTIVITIES AND OBLIGATIONS OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY
Regulation 13	:	Restrictions on business activities
Regulation 14	:	Obligations of Collective Investment Management Company
Regulation 14A	:	Dispute Resolution
Regulation 14B	:	Grievance Redressal Mechanism
Regulation 15	:	Submission of information and documents
Chapter: IV
TRUSTEES AND THEIR OBLIGATIONS
Regulation 16	:	Trust Deed to be registered under the Registration Act
Regulation 17	:	Contents of trust deed
Regulation 18	:	Eligibility for appointment as trustee
Regulation 19	:	Appointment of trustee not found guilty
Regulation 20	:	Agreement with collective investment management company
Regulation 21	:	Rights and obligations of the trustee
Regulation 22	:	Termination of trusteeship
Regulation 23	:	Termination of the Agreement with the Collective Investment Management Company
Chapter: V
COLLECTIVE INVESTMENT SCHEMES OF COLLECTIVE INVESTMENT MANAGEMENT COMPANY
Regulation 24	:	Procedure for launching of collective investment schemes
Regulation 25	:	No guaranteed returns
Regulation 26	:	Disclosures in the offer document
Regulation 27	:	Advertisement material
Regulation 28	:	Appraising Agency
Regulation 29	:	Misleading Statements
Regulation 30	:	Offer period
Regulation 31	:	Allotment of Units and refunds of moneys
Regulation 32	:	Unit certificates
Regulation 33	:	Transfer of units
Regulation 34	:	Money to be kept in separate account and utilisation of money
Regulation 35	:	Investments and segregation of funds
Regulation 36	:	Listing of collective investment schemes
Regulation 37	:	Winding up of collective investment scheme
Regulation 38	:	Effect of commencement of winding up proceedings
Regulation 39	:	Cessation of the collective investment scheme
Chapter: VI
GENERAL OBLIGATIONS
Regulation 40	:	To maintain proper books of account and records, etc.
Regulation 41	:	Financial year
Regulation 42	:	Dispatch of warrants and proceeds
Regulation 43	:	Statement of Accounts and Annual Report
Regulation 44	:	Auditor’s Report
Regulation 45	:	Functions of auditors of collective investment scheme
Regulation 46	:	Removal or Resignation of auditors
Regulation 47	:	Publication of Annual Report and summary thereof
Regulation 48	:	Periodic and continual disclosures
Regulation 49	:	Quarterly disclosures
Regulation 50	:	Disclosures to the investors
Regulation 51	:	Calling of meeting of unit holders, transfer and transmission of units
Chapter: VII
INSPECTION AND AUDIT
Regulation 52	:	Board’s right to inspect and investigate
Regulation 53	:	Notice before inspection and investigation
Regulation 54	:	Obligations during inspection and investigation
Regulation 55	:	Submission of report to the Board
Regulation 56	:	Action on inspection or investigation report
Regulation 57	:	Appointment of Auditor and recovery of expenses
Chapter: VIII
PROCEDURE FOR ACTION IN CASE OF DEFAULT
Regulation 58	:	Omitted
Regulation 59	:	Liability for action in case of default
Regulation 60	:	Omitted
Regulation 61	:	Omitted
Regulation 62	:	Omitted
Regulation 63	:	Omitted
Regulation 64	:	Omitted
Regulation 65	:	Directions by the Board
Regulation 66	:	Action against intermediaries
Regulation 67	:	Appeal to the Central Government
Chapter: IX
EXISTING COLLECTIVE INVESTMENT SCHEMES
Regulation 68	:	Existing collective investment schemes to obtain provisional registration
Regulation 69	:	No collective investment scheme to be launched until grant of registration
Regulation 70	:	Consideration of application for grant of provisional registration
Regulation 71	:	Grant of provisional registration
Regulation 72	:	Registration to existing collective investment scheme
Regulation 73	:	Manner of repayment and winding up
Regulation 74	:	Existing collective investment scheme not desirous of obtaining registration to repay
Chapter: IX A
EXISTING SCHEMES OR ARRANGEMENTS DEEMED TO BE A COLLECTIVE INVESTMENT SCHEME
Regulation 74A	:	Existing schemes or arrangements deemed to be a collective investment scheme to obtain provisional registration
Chapter: IX-B
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
Regulation 74B	:	Exemption from enforcement of the regulations in special cases
Chapter: X
MISCELLANEOUS
Regulation 75	:	Power of the Board to issue clarifications
SCHEDULE
SCHEDULE - 01	:	APPLICATION FOR THE GRANT OF REGISTRATION AS COLLECTIVE
SCHEDULE - 02	:	FEES
SCHEDULE - 03	:	CODE OF CONDUCT
SCHEDULE - 04	:	CONTENTS OF THE TRUST DEED
SCHEDULE - 05	:	CONTENTS OF THE AGREEMENT FOR MANAGING SCHEME PROPERTY
SCHEDULE - 06	:	CONTENTS OF THE OFFER DOCUMENT
SCHEDULE - 07	:	ADVERTISEMENT CODE
SCHEDULE - 08	:	PROCEDURE FOR CONDUCT OF MEETINGS
SCHEDULE - 09	:	ACCOUNTING NORMS, INVESTMENTS AND EXPENSE CEILING