| May 12th, 2017 09:25 AM | |
| Vishal Kotkar | Re: the securities and exchange board of india (mutual funds) regulations 1996 As you Asking for the Information About the SEBI (MUTUAL FUNDS) REGULATIONS, 1996 the Information is given below S.O. 856 (E).- In exercise of the powers conferred by section 30, read with clause (c) of sub-section (2) of section 11 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 :— CHAPTER I PRELIMINARY Short title, application and commencement. (1) These regulations may be called the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996. (2) They shall come into force on the date of their publication in the Official Gazette. Definitions. 2. In these regulations, unless the context otherwise requires:— (a) ―Act‖ means the Securities and Exchange Board of India Act, 1992 (15 of 1992); (b) 1 [―advertisement‖ shall include all forms of communication issued by or on behalf of the asset management company/mutual fund that may influence investment decisions of any investor/prospective investors;] (c) ―associate‖ includes a person,— (i) who directly or indirectly, by himself, or in combination with relatives, exercises control over the asset management company or the trustee, as the case may be, or (ii) in respect of whom the asset management company or the trustee, directly or indirectly, by itself, or in combination with other persons exercises a control, or (iii) whose director, officer or employee is a director, officer or employee of the asset management company; (d) ―asset management company‖ means a company formed and registered under the Companies Act, 1956 (1 of 1956) and approved as such 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 (Stock Brokers and Sub-brokers) Rules, 1992; 2 [(ea) ―capital protection oriented scheme‖ means a mutual fund scheme which is designated as such and, which endeavour‘s 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; REGISTRATION OF MUTUAL FUND Application for registration 3. An application for registration of a mutual fund shall be made to the Board in Form A by the sponsor. Application fee to accompany the application 4. Every application for registration under regulation 3 shall be accompanied by non refundable application fee as specified in the Second Schedule. Furnishing information 6. The Board may require the sponsor to furnish such further information or clarification as may be required by it. Eligibility criteria 7. For the purpose of grant of a certificate of registration, the applicant has to fulfill the following, namely— (a) the sponsor should have a sound track record and general reputation of fairness and integrity in all his business transactions. Explanation: For the purposes of this clause ―sound track record‖ shall mean the sponsor should— (i) be carrying on business in financial services for a period of not less than five years; and (ii) the networth is positive in all the immediately preceding five years; and (iii) the networth in the immediately preceding year is more than the capital contribution of the sponsor in the asset management company; and (iv) the sponsor has profits after providing for depreciation, interest and tax in three out of the immediately preceding five years, including the fifth year; -regulations-1996-1.jpg) -regulations-1996-2.jpg) For more Details you may Consider the below Attachement that is Free to Download |
| May 12th, 2017 09:23 AM | |
| Unregistered | Re: the securities and exchange board of india (mutual funds) regulations 1996 Hii sir, I Wants to get the Information About the SEBI (MUTUAL FUNDS) REGULATIONS, 1996 ? |
| June 26th, 2016 12:35 PM | |
| payal | the securities and exchange board of india (mutual funds) regulations 1996 Discuss about the securities and exchange board of india (mutual funds) regulations 1996 here. Welcome to Courses.ind.in and this page is for the securities and exchange board of india (mutual funds) regulations 1996 discussion. If you are looking for information on the securities and exchange board of india (mutual funds) regulations 1996 then ask your question is as much details as possible in the “Reply” box provided below. The more detailed your question will be, the more easy will it be for our experts to answers your query. And if you have any updated or latest information on the securities and exchange board of india (mutual funds) regulations 1996, then please share you knowledge with our experts in the “Reply” box below. Your reply will be published here and your knowledge can help many people. Thanks for stopping by at Courses.ind.in. Please visit again. |
