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Reference Library & Bare Acts

Comprehensive regulatory reference covering all acts, regulations, and standards relevant to mutual fund auditing

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Explore the full MF AuditAI solution blueprint with detailed audit literature, module architecture, and compliance frameworks.

Feature Coverage: 29 of 90 regulations have features built
32%
BuiltPlannedNot yet mapped

Primary Acts

16

Parliament statutes

SEBI Regulations

25

Regulations & circulars

ICAI Standards

21

Auditing & accounting standards

AMFI, RBI & Others

28

Industry guidelines

#Act / RegulationYearRelevance to MF AuditCoverageLink
1Securities and Exchange Board of India Act, 19921992Primary governing statute for SEBI; establishes SEBI's powers to regulate mutual funds, enforce compliance, and protect investor interests.
2Companies Act, 20132013Governs AMC incorporation, board governance, related party transactions, financial reporting requirements, and corporate governance norms.
3Income Tax Act, 19611961Tax framework for mutual fund schemes including capital gains taxation, dividend distribution tax, TDS provisions, and investor tax reporting.
4Prevention of Money Laundering Act, 2002 (PMLA)2002AML/CFT obligations for mutual funds including KYC requirements, suspicious transaction reporting, and record-keeping mandates.
5Indian Trusts Act, 18821882Legal framework for mutual fund trusts; defines trustee obligations, fiduciary duties, and unit-holder rights protection.--
6Securities Contracts (Regulation) Act, 19561956Regulates securities trading, stock exchange operations, and listing requirements relevant to mutual fund ETF and close-ended scheme operations.--
7Foreign Exchange Management Act, 1999 (FEMA)1999Governs overseas investment limits for mutual funds, FPI participation, and cross-border fund management activities.
8Indian Stamp Act, 1899 (as amended 2020)1899Stamp duty applicable on mutual fund unit transactions; covers subscription, transfer, and transmission of mutual fund units.
9Consumer Protection Act, 20192019Investor grievance redressal framework; applicable to mutual fund misselling complaints and unfair trade practice claims.--
10Insolvency and Bankruptcy Code, 20162016Relevant for debt fund investments in stressed assets, side-pocketing triggers, and recovery proceedings for defaulted securities.--
11Prohibition of Insider Trading Regulations, 20152015Regulates trading by designated persons in securities held by mutual fund schemes; UPSI handling and structured digital database.
12Benami Transactions (Prohibition) Amendment Act, 20162016Applicable to beneficial ownership verification and detection of benami investments through mutual fund schemes.--
13Goods and Services Tax Act, 20172017GST applicability on AMC management fees, impact on TER computation, and input tax credit provisions for fund houses.
14Digital Personal Data Protection Act, 20232023Data privacy obligations for AMCs handling investor personal data; consent management, data localization, and breach notification.
15Information Technology Act, 20002000Legal framework for electronic transactions, digital signatures, cybersecurity requirements, and data protection for AMC operations.--
16Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 20162016Governs transfer of unclaimed dividends and redemption proceeds to IEPF; applicable to mutual fund unclaimed amounts.--