THE GAZETTE OF INDIA: EXTRAORDINARY

[PART fl—SEC. 3(ii)]

SECURITIES AND EXCHANGE BOARD OF INDIA

NOTIFICATION

Mumbai, the 9th September, 2002

Securities and Exchange Board of India (Mutual Funds) Fourth Amendment Reguhuions, 2002

S.O. 956(EV- 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:-

1. (i) These regulations may be called the Securities and Exchange Board of IncU

(Mutual Funds) Fourth Amendment Regulations, 2002.

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

2. In the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996,

(i)

in Second Schedule, in clause I, for para C following para shall be substituted,

namely:-

"C. SERVICE FEES PAYABLE BY MUTUAL FUNDS

Net Assets as on 31 March

Upto Rs 500 crores.

Above Rs. 500 crores and up tn Rs.

1,000 crores.

Above Rs. 1,000 crores and up to Rs.

3,000 crores.

Above Rs. 3,000 crores and up to Rs.

5,000 crores.

Above Rs. 5,000 crores and up to Rs.

10,000 crores

Above Rs. 10,000 crores

service tee payable

Rs. 2.50 lakhs

Rs. 3.50 lakhs

Rs. 4.50 lakhs

Rs. 5.50 lakhs

Rs. 6.50 lakhs

Rs. 7.50 lakhs

The above revised service fee structure shall be effective from the Financial Year

2003-2004."

(ii)

In Eighth Schedule, the clauses '6' and 7' as inserted by the SEBI (Mutual

Funds) (Amendment) Regulations, 1999 published in the Gazette of India on

08^th December, 1999, shall be renumbered as T and '8', respectively.

3. In the Securities and Exchange Board Of India (Mutual Funds) (Amendment)

Regulations, 2002 published in Gazette of India on 20^lh February , 2002 vide S.O. No.

219 (E), the following footnote shall be appended :-

"Footnote:

The principal regulations, SEBI (Mutual Funds) Regulations, 1996 were issued

under S.O No. 856(E) dated December 9, 1996 published in the Gazette of India,

Part II, Section 3(ii) dated December 09, 1996.

SEBI (Mutual Funds) Regulations, 1996 were subsequently amended on -

(a)

April 15, 1997 by SEBI (Mutual Funds) (Amendment) Regulations, 1997

vide S.O No. 327 (E).

(b)

January 12,1998 by SEBI (Mutual Funds) (Amendment) Regulations,

1998 vide S.O No. 32 (E).

(c)

December 08,1999 by SEBI (Mutual Funds) (Amendment) Regulations,

1999 vide S.O no. 122? (V.)

^3-H-^//«l-z

THE GAZETTE OF INDIA: EXTRAORDINARY

[PART II—SEC. 3(U)1

(d)

March 14, 2000 by SEBI (Mutual Funds) (Amendment) Regulations, 2000

vide S.O no. 235 (E).

(e)

May 22, 2000 by SEBI (Mutual Funds) (Second Amendment)

Regulations, 2000 vide S.O no. 484 (E).

(f)

Jantiary 23, 2001 by SEBI (Mutual Funds) (Amendment) Regulations,

2001 vide S.O no. 69 (E).

(g)

May 29, 2001 by SEBI (Investment Advice by Intermediaries)

(Amendment) Regulations, 2001 vide S.O no. 476 (E).

(h)

July 23, 2001 by SEBI (Mutual Funds) (Second Amendment) Regulations,

2001 vide S.O. no. 698 (E)."

[F. No. SEBI/LGIV16974/2002]

G. N. BAJPAI, Chairman

Foot Note:—

The principal regulations, SEBI (Mutual Funds) Regulations, 1996 were issued under S.O

No. 856(E) dated December 9, 1996 published in the Gazette of India, Part II, Section

3(ii) dated December 09, 1996.

SEBI (Mutual Funds) Regulations, 1996 were subsequently amended on-

(a)

April 15, 1997 by SEBI (Mutual Funds) (Amendment) Regulations, 1997 vide

S.O No. 327 (E).

(b)

January 12, 1998 by SEBI (Mutual Funds) (Amendment) Regulations, 1998 vide

S.O No. 32 (E).

(c)

December 08, 1999 by SEBI (Mutual Funds) (Amendment) Regulations, 1999

vide S.O no. 1223 (E).

(d)

March 14, 2000 by SEBI (Mutual Funds) (Amendment) Regulations, 2000 vide

S.O no. 235 (E).

(e)

May 22, 2000 by SEBI (Mutual Funds) (Second Amendment) Regulations, 2000

vide S.O no. 484 (E).

January 23, 2001 by SEBI (Mutual Funds) (Amendment) Regulations, 2001 vide

S.O no. 69 (E).

fg)

May 29, 2001 by SEBI (Investment Advice by Intermediaries) (Amendment)

Regulations, 2001 vide S.O no. 476 (E).

(h)

July 23, 2001 by SEBI (Mutual Funds) (Second Amendment) Regulations, 2001

vide S.O. no. 698 (E).

(i)

February 20, 2002 by SEBI (Mutual Funds) (Amendment) Regulations, 2002 vide

S.O no. 219 (E).

(j)

Junel 1, 2002 by SEBI (Mutual Funds) (Second Amendment) Regulations, 2002

vide S.O no. 625 (E).

(k)

July 30, 2002 by SEBI (Mutual Funds) (Third Amendment) Regulations, 2002

vide S.O no.809 (E).

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