Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2008

NOTIFICATION
September 29th, 2008

No. LAD-NRO/GN/2008/24/139426. - In exercise of the powers conferred by section 30 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) (Third Amendment) Regulations, 2008.
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 -
(a) in regulation 56, -
(i) in sub-regulation (1), for the words “six months” occurring after the words “not later than” and before the words “from the date of closure”, the words “four months” shall be substituted.
(ii) in sub-regulation (2), for the existing proviso, the following proviso
shall be substituted, namely:-
“ Provided that the abridged schemewise Annual Report mailed to the unitholders is in the format prescribed by the Board in this regard.”

(b) in regulation 57, for the words “six months” occurring after the words “Every mutual fund shall within” and before the words “from the date of closure”, the words “four months” shall be substituted.