The powers conferred by Sub-section (1) of Section 30 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 namely

REGD NO. D. L.-33004/99 The Gazette of India

EXTRAORDINARY

PART II—Section 3—Sub-section (ii)

PUBLISHED BY AUTHORITY

No. 184] NEW DELHI, WEDNESDAY, FEBRUARY 20, 2002/PHALGUNA1,1923

NOTIFICATION

Mumbal, the 20th February, 2002

SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS)

(AMENDMENT) REGULATIONS, 2062

S.0.219(E).—In exercise of the powers conferred by Sub-section (1) of Section 30 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 namely:—

I. (i) These regulations may be called the Securities and Exchange Board of India (Mutual Funds) (Amendment) Regulations, 2002.

(ii) They shall come into force on the date of their publication in the Official Gazette.

II. In Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 :—

1. In regulation 56,

(a) In the heading for the word 'Publication' the word 'Mailing' shall be substituted.

(b) In Sub-regulation (1), the words "shall be published through an advertisement and an abridged scheme wise annual report" shall be omitted.

(c) In regulation 56(2) the words "provided further that full portfolio disclosure is not required if the full accounts are published in news papers" shall be omitted.

(d) In sub regulation 3 of regulation 56 for the word "if published in summary form" the word "mailed in abridged summary form as per sub regulation (1)" shall be substituted.

[F. No. SEBI/LE/2834/2002]

D. R. MEHTA, Chairman Printed by the Manager, Govt. of India Prow, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110034.