SEBI (Mutual Funds) Regulations, 1996

SEBI (Mutual Funds) Regulations, 1996 were notified on May 31, 1993. These regulation deals with the registration, constitution and management of mutual funds and operation of trustees, the constitution and management of asset management company and custodian, schemes of mutual funds, investment objectives and valuation policies, general obligations, inspection and audit, procedures for action in case of default etc.