Multiple choice

Regulations which govern the working of mutual funds in India are

  1. SEBI Act, 1992

  2. The Companies Act, 1956

  3. Income Tax Act, 1961

  4. SEBI (Mutual Funds) Regulations, 1996
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The SEBI (Mutual Funds) Regulations, 1996 is the comprehensive legal framework specifically governing the working, registration, constitution, and operation of mutual funds in India. While other acts like SEBI Act 1992, Companies Act 1956, and Income Tax Act 1961 may have peripheral applicability, they are not the primary regulations governing mutual fund operations.

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