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1. These Regulations may be called the Securities and Exchange Board of India (Mutual Funds) ( Amendment) Regulations, 2021. 2. They shall come into force on 30th day from the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996,– I. regulation 2 shall be numbered as sub-regulation (1) of regulation 2 and in sub-regulation (1) of regulation 2 so numbered, i. in sub-clause (i) of clause (c), after the word “trustee” and before the words and symbol “, as the case”, the words “or the sponsor” shall be inserted. ii. in sub-clause (ii) of clause (c), after the word “trustee” and before the words and symbol “, directly or indirectly”, the words “or the sponsor” shall be inserted. iii. in sub-clause (iii) of clause (c), after the words “whose director” and before the words and symbol “, officer or employee”, the words “except an independent director” shall be inserted. iv. clause (d) shall be substituted with the following clause, namely, - “(d)“asset management company” means a company formed and registered under the Companies Act 1956 (1 of 1956) or Companies Act, 2013 (18 of 2013) and approved by the Board under sub regulation (2) of regulation 21;” v. in clause (e), the words and symbol “(Stock Brokers and Sub-brokers) Rules, 1992” shall be substituted with the words and symbol “(Stock Brokers) Regulations, 1992”. vi. in clause (ea), the word “endeavour’s” shall be substituted with the word “endeavours”. vii. in sub-clause (i) of clause (g), the words “or combination of persons” shall be substituted with the words and symbol “,either individually or together with persons acting in concert,”. viii. in sub clause (ii) of clause (g), the words “or combination of persons” shall be substituted with the words and symbol “, either individually or together with persons acting in concert,”. ix. in clause (j), the words “Limitation of Prosecution” shall be substituted with the words “Inapplicability of Limitation”. x. after clause (j) and before clause (k), the following clauses shall be inserted, namely, - “(ja)“equity related instruments" include convertible debentures, convertible preference shares, warrants carrying the right to obtain equity shares, equity derivatives and such other instrument as may be specified by the Board from time to time; (jb) “exchange traded fund” means a mutual fund scheme that invests in securities in the same proportion as an index of securities and the units of exchange traded fund are mandatorily listed and traded on exchange platform;” xi. clause (m) shall be substituted with the following clause, namely, - “(m)“fraud” means a fraud as defined in clause (c) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003;”