Registration conditions for portfolio managers require prior approval for constitutional changes, grievance redressal, capital adequacy and compliance. Regulation 9A requires registered portfolio managers to obtain the Board's prior approval before changing their status or constitution if they wish to continue acting; pay prescribed registration fees; redress investor grievances within one month and report complaints to the Board; maintain capital adequacy as specified in regulation 7 throughout the certificate period; and comply with regulations under the Act governing their activities. The provision does not remove the obligation to obtain fresh registration under the Act where applicable.