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Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2018
December, 12th 2018
                                  THE GAZETTE OF INDIA
                                      EXTRAORDINARY
                                    PART III ­ SECTION 4
                               PUBLISHED BY AUTHORITY
                             NEW DELHI, DECEMBER 06, 2018


                    SECURITIES AND EXCHANGE BOARD OF INDIA
                                       NOTIFICATION
                               Mumbai, the 6th December, 2018


        SECURITIES AND EXCHANGE BOARD OF INDIA (MUTUAL FUNDS)
                      (THIRD AMENDMENT) REGULATIONS, 2018




No. SEBI/LAD-NRO /GN/ 2018/50 - 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 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, 2018.







   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 7B, after sub-regulation (3), the following proviso shall be inserted,
               namely, -


               "Provided that in the event of a merger, acquisition, scheme of arrangement or any
               other arrangement involving the sponsors of the mutual funds, shareholders of the
               asset management companies or trustee companies, their associates or group

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              companies which results in the incidental acquisition of shares, voting rights or
              representation on the board of the asset management companies or trustee
              companies, this regulation shall be complied with within a period of one year of
              coming into force of such an arrangement."




                                                                                              Sd/-
                                                                                   AJAY TYAGI
                                                                                    CHAIRMAN
                                        SECURITIES AND EXCHANGE BOARD OF INDIA




Footnote:

1. The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, the Principal
Regulations, were published in the Gazette of India on December 9, 1996 vide S.O. No. 856 (E).

2. The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 were subsequently
amended­
    (1) on April 15, 1997 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
        Regulations, 1997 vide S.O. No.327 (E).
    (2) on January 12, 1998 by the Securities and Exchange Board of India (Mutual Funds)(Amendment)
        Regulations, 1998 vide S.O. No.32 (E).
    (3) on December 08, 1999 by the Securities and Exchange Board of India (Mutual Funds)
        (Amendment) Regulations, 1999 vide S.O. No.1223 (E).
    (4) on March 14, 2000 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
        Regulations, 2000 vide S.O. No.235 (E).
    (5) on March 28, 2000 by the Securities and Exchange Board of India (Appeal to the Securities
        Appellate Tribunal) (Amendment) Regulations, 2000 vide S.O. No.278 (E).
    (6) on May 22, 2000 by the Securities and Exchange Board of India (Mutual Funds) (Second
        Amendment) Regulations, 2000 vide S.O. No.484 (E).
    (7) on January 23, 2001 by the Securities and Exchange Board of India (Mutual Funds)(Amendment)
        Regulations, 2001 vide S.O. No.69 (E).
    (8) on May 29, 2001 by the Securities and Exchange Board of India (Investment Advice by
        Intermediaries) (Amendment) Regulations, 2001 vide S.O. No.476 (E).
    (9) on July 23, 2001 by the Securities and Exchange Board of India (Mutual Funds) (Second
        Amendment) Regulations, 2001 vide S.O. No.698 (E).

                                                2
(10) on February 20, 2002 by the Securities and Exchange Board of India (Mutual
     Funds)(Amendment) Regulations, 2002 vide S.O. No.219 (E).
(11) on June 11, 2002 by the Securities and Exchange Board of India (Mutual Funds) (Second
     Amendment) Regulations, 2002 vide S.O. No.625 (E).
(12) on July 30, 2002 by the Securities and Exchange Board of India (Mutual Funds) (Third
     Amendment) Regulations, 2002 vide S.O. No.809 (E).
(13) on September 9, 2002 by the Securities and Exchange Board of India (Mutual Funds)(Fourth
     Amendment) Regulations, 2002 vide S.O. No.956 (E).
(14) on September 27, 2002 by the Securities and Exchange Board of India (Procedure for Holding
     Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 vide S.O. No.1045 (E).
(15) on May 29, 2003 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
     Regulations, 2003 vide S.O. No. 632 (E).
(16) on January 12, 2004 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
     Regulations, 2004 vide F.No. SEBI/LAD/DOP/4/2004.
(17) on March 10, 2004 by the Securities and Exchange Board of India (Criteria for Fit and Proper
     Person) Regulations, 2004 vide S.O. No. 398 (E).
(18) on January 12, 2006 by the Securities and Exchange Board of India (Mutual Funds)(Amendment)
     Regulations, 2006 vide S.O. No. 38 (E).
(19) on May 22, 2006 by the Securities and Exchange Board of India (Mutual Funds) (Second
     Amendment) Regulations, 2006 vide S.O. No. 783 (E).
(20) on August 3, 2006 by the Securities and Exchange Board of India (Mutual Funds) (Third
     Amendment) Regulations, 2006 vide S.O. No. 1254 (E).
(21) on December 27, 2006 by the Securities and Exchange Board of India (Mutual Funds) (Fourth
     Amendment) Regulations, 2006 vide F. No. SEBI/LAD/DOP/82534/2006.
(22) on December 27, 2006 by the Securities and Exchange Board of India (Mutual Funds) (Fifth
     Amendment) Regulations, 2006 vide F. No. SEBI/LAD/DOP/83065/2006.
(23) on May 28, 2007 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
     Regulations, 2007 vide F. No. 11/LC/GN/2007/2518.
(24) on October 31, 2007 by the Securities and Exchange Board of India (Mutual Funds) (Second
     Amendment) Regulations, 2007 vide F. No. 11/LC/GN/2007/4646.
(25) on March 31, 2008 by the Securities and Exchange Board of India (Payment of Fees)
     (Amendment) Regulations, 2008 vide F. No. 11/LC/GN/2008/21669.
(26) on April 16, 2008 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
     Regulations, 2008 vide F. No. LADNRO/ GN/2008/03/123042.
(27) on May 22, 2008 by the Securities and Exchange Board of India (Mutual Funds) (Second
     Amendment) Regulations, 2008 vide No. LADNRO/GN/2008/09/126202.
(28) on September 29, 2008 by the Securities and Exchange Board of India (Mutual Funds) (Third
     Amendment) Regulations, 2008 vide No. LADNRO/ GN/2008/24/139426.
(29) on April 8, 2009 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
     Regulations, 2009 vide No. LAD-NRO/GN/2009-10/01/159601.
(30) on June 5, 2009 by the Securities and Exchange Board of India (Mutual Funds) (Second
     Amendment) Regulations, 2009 vide No. LAD- NRO/GN/2009-10/07/165404.
(31) on July 29, 2010 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
     Regulations, 2010 vide No. LAD-NRO/GN/2010-11/13/13945.
(32) on August 30, 2011 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
     Regulations, 2011 vide No. LAD-NRO/GN/2011-12/27668.
(33) on February 21, 2012 by the Securities and Exchange Board of India (Mutual Funds)
     (Amendment) Regulations, 2012 vide No. LAD-NRO/GN/2011-12/38/4290.
(34) on 26th September, 2012 by the Securities and Exchange Board of India (Mutual Funds) (Second
     Amendment) Regulations, 2012 vide No. LAD-NRO/GN/2012-13/17/21502.







                                             3
(35) on 16th April, 2013 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
     Regulations, 2013 vide No. LAD-NRO/GN/2013-14/03/5652.
(36) on 19th June, 2013 by the Securities and Exchange Board of India (Mutual Funds) (Second
     Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/12/6108.
(37) on 19th August, 2013 by the Securities and Exchange Board of India (Mutual Funds) (Third
     Amendment) Regulations, 2013 vide No. LAD-NRO/GN/2013-14/18/6384.
(38) on 6th May, 2014 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
     Regulations, 2014 vide No. LAD-NRO/GN/2014-15/01/1039.
(39) on 23rd May, 2014 by the Securities and Exchange Board of India (Payment of Fees)
     (Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/03/1089.
(40) on 30th December, 2014 by the Securities and Exchange Board of India (Mutual Funds) (Second
     Amendment) Regulations, 2014 vide No. LAD-NRO/GN/2014-15/19/1973.
(41) on 15th May, 2015 by the Securities and Exchange Board of India (Mutual Funds) (Amendment)
     Regulations, 2015 No. NROOIAE/GN/2015-16/005.
(42) on 12th February, 2016 by the Securities and Exchange Board of India (Mutual Funds)
     (Amendment) Regulations, 2016 vide No. SEBI/LAD-NRO/GN/2015-16/034.
(43) on 15th February, 2017 by the Securities and Exchange Board of India (Mutual Funds)
     (Amendment) Regulations, 2017 vide No. SEBI/LAD/NRO/GN/2016-17/031.
(44) on 13th March, 2018 by the Securities and Exchange Board of India (Mutual Funds)
     (Amendment) Regulations, 2018 vide No. SEBI/LAD-NRO/GN/2018/02.
(45) on 30th May, 2018 by the Securities and Exchange Board of India (Mutual Funds) (Second
     Amendment) Regulations, 2018 vide No. SEBI/LAD-NRO/GN/2018/14.

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