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 ... Summary
Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993
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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