Securities and Exchange Board of India (Mutual Funds) Fourth Amendment Regulations - S.O. No.956(E) - SEBI/LG/16974/2002 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 09 th September, 2002 S.O. 956(E).- In exercise of the 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:- 1. (i) These regulations may be called the Securities and Exchange Board of India (Mutual Funds) Fourth Amendment Regulations, 2002. (ii) They shall come into force on the date of their publication in the official gazette. 2. In the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (i) in the Second Schedule, in clause I, for para C following para shall be substituted, namely : C. SERVICE FEES PAYABLE BY MUTUAL FUNDS Net Assets as on 31st March Service Fee payable Upto ₹ 500 crores. ₹ 2.50 lakhs Above ₹ 1000 crores and up to ₹ 3,000 crores ₹ 3.50 lakhs Above ₹ 3000 crores and up to ₹ 5,000 crores ₹ 4.50 lakhs Above ₹ 5000 crores and up to ₹ 10,000 crores ₹ 5.50 lakhs Above ₹ 500 crores ₹ 7.50 lakhs The above revised service fee structure shall be effective from the Financial Year 2003-2004. (ii) In Eighth Schedule, the clauses 6 and 7 as inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 1999 published in the Gazette of India on 08th December, 1999, shall be renumbered as 7 and 8 , respectively. 3. In the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2002 published in Gazette of India on 20th February, 2002 S.O. No. 219 (E), the following footnote shall be appended:- Footnote: The principal regulations, SEBI (Mutual Fund) Regulations, 1996 were issued under S.O. No. 856 (E) dated December, 9, 1996 published in the Gazette of India, Part II, Section 3(ii) dated December 09, 1996. SEBI (Mutual Funds) Regulations, 1996 were subsequently amended on (a) April 15, 1997 by SEBI (Mutual Funds) (Amendment) Regulation, 1997 wide S.O. No. 327 (E). (b) January 12, 1998 by SEBI (Mutual Funds) (Amendment) Regulation, 1998 wide S.O. No. 32 (E). (c) December 08, 1999 by SEBI (Mutual Funds) (Amendment) Regulation, 1999 wide S.O. No. 1223 (E). (d) March 14, 2000 by SEBI (Mutual Funds) (Amendment) Regulation, 2000 wide S.O. No. 235 (E). (e) May 22, 2000 by SEBI (Mutual Funds) (Second Amendment) Regulation, 2000 wide S.O. No. 484 (E). (f) January 23, 2001 by SEBI (Mutual Funds) (Amendment) Regulation, 2001 wide S.O. No. 69 (E). (g) May 29, 2001 by SEBI (Investment Advice by Intermediaries) (Amendment) Regulation, 2001 wide S.O. No. 476 (E). (h) July 23, 2001 by SEBI (Mutual Funds) (Second Amendment) Regulation, 2001 wide S.O. No. 698 (E). [F. No. SEBI/LG/16974/2002] G.N. BAJPAI, Chairman Foot Note:- The principal regulations SEBI (Mutual Funds) Regulations, 1996 were issued under S.O. No. 856(E) dated December 9, 1996 published in the Gazette of India, Part II, section 3(ii) dated December 09, 1996. SEBI (Mutual Funds) Regulation, 1996 were subsequently amended on- (a) April 15, 1997 by SEBI (Mutual Funds) (Amendment) Regulation, 1997 wide S.O. No. 327 (E). (b) January 12, 1998 by SEBI (Mutual Funds) (Amendment) Regulation, 1998 wide S.O. No. 32 (E). (c) December 08, 1999 by SEBI (Mutual Funds) (Amendment) Regulation, 1999 wide S.O. No. 1223 (E). (d) March 14, 2000 by SEBI (Mutual Funds) (Amendment) Regulation, 2000 wide S.O. No. 235 (E). (e) May 22, 2000 by SEBI (Mutual Funds) (Second Amendment) Regulation, 2000 wide S.O. No. 484 (E). (f) January 23, 2001 by SEBI (Mutual Funds) (Amendment) Regulation, 2001 wide S.O. No. 69 (E). (g) May 29, 2001 by SEBI (Investment Advice by Intermediaries) (Amendment) Regulations, 201 vide S.O. No. 476(E). (h) July 23, 2001 by SEBI (Mutual Funds) (Second Amendment) Regulations, 2001 vide S.O. No. 698(E). (i) February 20, 2002 by SEBI (Mutual Funds) (Amendment) Regulations, 2002 vide S.O. No. 219(E). (j) June 11, 2002 by SEBI (Mutual Funds) (Second Amendment) Regulations, 2002 vide S.O. No. 625(E). (k) (k) July 30, 2002 by (Mutual Funds) (Third Amendment) Regulations, 2002 vide S.O. No. 809(E).