SEBI MF Regulations on WebNotes

PPFAS Trustee Company directors

Sat, 16 May 2026 00:00:00 +0000

The PPFAS Trustee Company directors are the members of the Board of Directors of PPFAS Trustee Company Private Limited , the trustee entity of PPFAS Mutual Fund . The trustee directors discharge the fiduciary supervisory function over PPFAS Asset Management Private Limited (the AMC) under the SEBI Mutual Funds Regulations 1996 framework. The board composition must satisfy SEBI’s requirement that at least two-thirds of trustee directors be independent of the sponsor Parag Parikh Financial Advisory Services Limited .

PPFAS Trustee Company Private Limited

Sat, 16 May 2026 00:00:00 +0000

PPFAS Trustee Company Private Limited is the trustee entity of PPFAS Mutual Fund , holding the assets of the mutual fund in trust for the benefit of unitholders and discharging the fiduciary supervisory function over PPFAS Asset Management Private Limited (the AMC). The trustee company was incorporated in 2011 under the Companies Act, 1956, with Corporate Identification Number U65100MH2011PTC221203. The trustee company operates as a structurally independent layer of the broader PPFAS Mutual Fund corporate architecture, providing the fiduciary oversight required by the SEBI Mutual Funds Regulations 1996 .

SEBI (Mutual Funds) Regulations, 1996

Tue, 12 May 2026 00:00:00 +0000

SEBI (Mutual Funds) Regulations, 1996 are the principal statutory instrument governing the establishment, registration, operation, and winding-up of mutual funds in India. Notified by the Securities and Exchange Board of India (SEBI ) on 9 December 1996 and published in the Gazette of India (Extraordinary) Part III, Section 4, the Regulations superseded the earlier SEBI (Mutual Funds) Regulations, 1993. Framed under sections 30 and 11(2)(g) of the SEBI Act, 1992 , they establish a three-tier principal structure, sponsor, trustee, and asset management company (AMC), and prescribe the minimum conditions for every aspect of the mutual fund life-cycle: registration, scheme launch, investment restrictions, valuation, disclosure, and investor protection. As of May 2026, the Regulations have been amended more than 70 times, with landmark amendments introduced in 1998, 2011, 2014, 2017, 2018, 2020, 2021, 2022, 2023, and 2024.