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Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/70 - SEBI

Extract

..... of regulation 18 shall be substituted with the following clause, namely,- “(c) when the majority of the trustees decide to wind up a scheme in terms of clause (a) of sub regulation (2) of regulation 39 or prematurely redeem the units of a close ended scheme.” II. in sub-regulation (2) of regulation 39, the words and symbol “may be wound up, after repaying the amount due to the unit holders” shall be substituted with the words “is to be wound up”. III. sub-regulation (3) of regulation 39 shall be substituted as follows, namely - “(3) Where a scheme is to be wound up under sub-regulation (2), the trustees shall give notice within one day, disclosing the circumstances leading to the winding up of the scheme, - a) to the Board; and b) in two daily newspapers having circulation all over India, a vernacular newspaper circulating at the place where the mutual fund is formed: Provided that where a scheme is to be wound up under clause (a) of sub-regulation (2), the trustees shall obtain consent of the unit holders participating in the voting by simple majority on the basis of one vote per unit and publish the results of voting within forty five day .....

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Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/70 - SEBI

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..... ion on investments cannot be distributed, provision has to be made for exclusion of this item when arriving at distributable income.” b. in clause (d), after the word and symbol “the “” and before the word “average”, the word “weighted” shall be inserted. c. in clause (i), the existing clause shall be numbered as sub-clause (1). d. after sub-clause (1) of clause (i), the following sub-clause shall be inserted, namely,- “(2) The Trustees may, if necessary, transfer a portion of the distributable profits to a dividend equalization reserve. Such a transfer would be independent of the requirement to operate an Equalization Account as provided in (i)(1).” e. clause (k) shall be substituted with the following, namely,- “(k). The investments acquired or sold shall be accounted at transaction price excluding all transaction costs such as brokerage, stamp charges and any charge customarily included in the broker’s contract note that are attributable to acquisition/sale of investments.” f. clause (m) shall be substituted with the following, namely,- “(m) Non-traded investments shall be valued in good faith in .....

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Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/70 - SEBI

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..... at a price other than the price given by the Independent Valuation Agencies at the end of year, the aggregate value of such securities and percentage to net assets; and” f. sub-clause (j) of clause (vii)(A) shall be substituted with the following clause, namely,- “(j) The total income of the scheme shall include unrealised depreciation or appreciation on investment.” iv. in para 4, a. in clause (i), after the words “surplus of the mutual fund”, and before the words, “These particulars” the words “in the format specified by the Board” shall be inserted. b. in clause (i), the words, symbol and number “These particulars shall contain information enumerated in Annexure 2 of this Schedule.” shall be omitted c. clause (iv) shall be omitted. d. in sub-clause (b) of clause (v)(A), the word “net” shall be substituted with the word “gross”. e. in sub-clause (d) of clause (v)(A), the word “weekly” shall be substituted with the word “daily”. v. para 6 shall be substituted with the following, namely,- “(6) Perspective historical per unit statistics (1) This statement shall di .....

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Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/70 - SEBI

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..... 8, 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 Indi .....

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Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/70 - SEBI

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..... 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. (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 26 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 16 April, 2013 by the S .....

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Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/70 - SEBI

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