The Securities and Exchange Board of India (SEBI) has restructured its committee that advises the capital market regulator on mutual fund development. The committee will notify the regulator of the steps to modify the legislative framework so that mutual fund laws may become more transparent and straightforward.
SEBI is India's securities and commodity market regulator. It is a statutory organization established by the SEBI Act of 1992. SEBI's primary purpose is to safeguard the interests of securities investors, regulate the securities market, and encourage the growth of the securities industry.
SEBI has three primary responsibilities: quasi-judicial, quasi-legislative, and executive. It accomplishes its goals through committees. Technical Advisory Committee, SEBI Investor Protection and Education Fund Advisory Committee, corporate bonds and security advisory committee, mutual fund advisory committee, primary market advisory committee, takeover regulations advisory committee, etc.
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