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of <h1>Fund Managers: Comply with Section 9A of Income-tax Act, 1961 for Investment Funds; Follow SEBI and AML Guidelines.</h1> Eligible fund managers must adhere to Section 9A of the Income-tax Act, 1961, and provide discretionary, non-discretionary, or advisory services to eligible investment funds. They must operate per mutual agreements, disclose material information, and segregate funds and securities for each fund and from other clients. Managers are required to appoint a custodian unless one is already appointed by the fund and keep funds in scheduled banks unless the fund opts not to invest in Indian securities. They must maintain additional records, provide quarterly reports to SEBI, comply with anti-money laundering laws, and follow SEBI regulations and guidelines.
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