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          <h1>Portfolio managers must comply with Section 9A, notify SEBI, and submit declarations as per Schedule VI to manage funds.</h1> An existing portfolio manager can serve as a portfolio manager to an eligible fund manager if it meets all conditions outlined in subsection (4) of Section 9A of the Income-tax Act, 1961. Additionally, the portfolio manager must notify the Securities and Exchange Board of India (SEBI) before engaging in such activities and submit the required declarations as specified in clause (1) of Schedule VI. This procedure was introduced by the SEBI (Portfolio Managers) (Amendment) Regulations, 2016, effective from January 2, 2017.

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