TMI BlogDefinitionsX X X X Extracts X X X X X X X X Extracts X X X X ..... e applicable to such sponsors, which invest in various companies on behalf of the beneficiaries of insurance policies or such other schemes as may be specified by the Board from time to time. ] 23 [ (d) asset management company means a company formed and registered under the Companies Act 1956 (1 of 1956) or Companies Act, 2013 (18 of 2013) and approved by the Board under sub regulation (2) of regulation 21; ] (e) broker means a stock broker as defined in Securities and Exchange Board of India 24 [ (Stock Brokers) Regulations, 1992 ] ; 2 [(ea) capital protection oriented scheme means a mutual fund scheme which is designated as such and, which 25 [ endeavours ] to protect the capital invested therein through suitable orientation of its portfolio structure;] (f) close-ended scheme means any scheme of a mutual fund in which the period of maturity of the scheme is specified; (g) control means,- (i) in the case of a company any person 26 [ ,either individually or together with persons acting in concert, ] who directly or indirectly own, control or hold shares carrying not less than 10% of the voting rights of such company; or (ii) as between ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ause (b) of the Explanation to Section 5 of the Competition Act, 2002 (12 of 2003). ] 7 [(mn) index fund scheme means a mutual fund scheme that invests in securities in the same proportion as an index of securities;] 8 [(mo) InvIT or Infrastructure Investment Trust shall have the meaning assigned in clause (za) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014;] (n) inspecting officer means any person appointed as such by the Board under Chapter VIII; 43 [ (na) Liquid networth means the networth deployed in liquid assets which are unencumbered and shall include cash, money market instruments, Government Securities, Treasury bills, Repo on Government securities and any other like instruments as specified by the Board from time to time. ] (o) money market instruments includes commercial papers, commercial bills, treasury bills, Government securities having an unexpired maturity up to one year, call or notice money, certificate of deposit, usance bills, and any other like instruments as specified by the Reserve Bank of India from time to time; (p) money market m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er permissible assets in accordance with these regulations;] 34 [ (t) relative means a person as defined in section 2(77) of the Companies Act, 2013 (18 of 2013); ] (u) scheme means a scheme of a mutual fund launched under Chapter V; (v) schedule means any of the schedules annexed to these regulations; 35 [ (w) securities laws means the Act, the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and the Depositories Act, 1996 (22 of 1996), the provision of any other law to the extent it is administered by the Board and the relevant rules and regulations made thereunder; ] 40 [ (wa) silver exchange traded fund scheme shall mean a mutual fund scheme that invests primarily in silver or silver related instruments; (wb) silver related instrument shall mean such an instrument as may be specified by the Board from time to time, which has silver as the underlying product; ] (x) sponsor means any person who, 36 [ acting individually or in concert ] with another body corporate, establishes a mutual fund; 16 [(y) 46 [ trustees mean the trustee company that holds the property of the mutual fund in trust for the benefit of the unit ho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I (Mutual Funds) ((Second Amendment) Regulations, 2007, w.e.f.31-10-2007. 8 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2017, w.e.f. 15-02-2017. 9 Substituted by the SEBI (Mutual Funds) (Amendment) Regulations, 2008, w.e.f. 16-4-2008. Prior to its substitution , clause (q) read as under; (q) mutual fund means a fund established in the form of a trust to raise monies through the sale of units to the public or a section of the public under one or more schemes for investing in securities, including money market instruments *[or gold or gold related instruments]; [*Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2006, w.e.f. 12-1-2006] 10 Substituted for ; by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013. 11 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013. 12 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013. 13 Inserted by the SEBI (Mutual Funds) (Amendment) Regulations, 2017, w.e.f. 15-02-2017. 14 Renumbered by the SEBI (Mutual Funds) (Amendment) Regulations, 2013, w.e.f. 16-4-2013. The clause was inserted by the SEBI (Mutual F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t is 04-02-2021 before it was read as or combination of persons 27. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as or combination of persons 28. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as Limitation of Prosecution 29. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 30. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as (m) fraud for the purpose of these regulations has the same meaning as is assigned to it in section 17 of the Indian Contract Act, 1872 (9 of 1872); 31. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publicati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... from the date of their publication in the Official Gazette, that is 04-02-2021 38. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 39. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/56 dated 09-11-2021 w.e.f. 09-12-2021 before it was read as 32 [ (q) mutual fund means a fund established in the form of a trust to raise monies through the sale of units to the public or a section of the pubic under one or more schemes for investing in securities, money market instruments, gold or gold related instruments, real estate assets and such other assets and instruments as may be specified by the Board from time to time: ] 40. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/56 dated 09-11-2021 w.e.f. 09-12-2021 41. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/92 dated 03-08-2022 shall come into force on the thirtieth day from the date of their publication in the Official Gazette before it was read as, ; 42. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/92 dated 03-08-2022 shall come into force on the t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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