The SEBI has notified the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2021. Regulation 76 has been substituted to allow SEBI to pass order to forfeit amount invested by AMCs for violating Code. Also Sub-regulation (16A) has been inserted to regulation 25 providing that AMC shall invest such amounts in such schemes of the mutual fund, based on the risks associated with the schemes, as may be specified by the Board from time to time.”.The SEBI has notified the Securities and Exchange Board of India (Mutual Funds) (Second Amendment) Regulations, 2021. Regulation 76 has been substituted to allow SEBI to pass order to forfeit amount invested by AMCs for violating Code. Also Sub-regulation (16A) has been inserted to regulation 25 providing that AMC shall invest such amounts in such schemes of the mutual fund, based on the risks associated with the schemes, as may be specified by the Board from time to time.”.taxmann.com Latest Statutory HappeningsRead More
