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        SEBI

        Regulation 12 - Payment of fees, and the consequences of failure to pay fees

        Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993
        Chapter II
        REGISTRATION OF PORTFOLIO MANAGERS

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        Payment of fees as required triggers suspension of certificate and cessation of portfolio management activity on nonpayment. Payment of fees as specified in Schedule II is required for grant of a certificate; failure to pay enables the Board to suspend the certificate and the portfolio manager must forthwith cease portfolio management activities for the period of suspension.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Payment of fees as required triggers suspension of certificate and cessation of portfolio management activity on nonpayment.

                              Payment of fees as specified in Schedule II is required for grant of a certificate; failure to pay enables the Board to suspend the certificate and the portfolio manager must forthwith cease portfolio management activities for the period of suspension.


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