Eligible fund manager definition ties SEBI portfolio manager rules to tax law eligibility criteria for managers and funds. Regulation 12A provides that the term eligible fund manager and the term eligible investment fund shall have the meanings assigned to them in the corresponding provisions of the income tax law, thereby aligning SEBI's Portfolio Managers Regulations' eligibility definitions with tax law definitions.
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Provisions expressly mentioned in the judgment/order text.
Eligible fund manager definition ties SEBI portfolio manager rules to tax law eligibility criteria for managers and funds.
Regulation 12A provides that the term eligible fund manager and the term eligible investment fund shall have the meanings assigned to them in the corresponding provisions of the income tax law, thereby aligning SEBI's Portfolio Managers Regulations' eligibility definitions with tax law definitions.
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