mumbai, Dec. 3 -- The board of India's stock market regulator will take up the most sweeping revision of regulations in decades spanning mutual funds, stock brokers and its own officials later this month, two people aware of the meeting's agenda said. The board will discuss bringing in new rules, updating outdated rules, and removing overlapping ones. In October, the Securities and Exchange Board of India (SEBI) proposed to cap brokerage and transaction costs that funds charge beyond annual fees collected under their total expense ratio (TER). SEBI also proposed to scrap the additional five basis points charged over the exit load and a more comprehensive disclosure of the TER, which is used to cover management and operating costs. "Mutual f...