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of <h1>Portfolio Managers Must Follow SEBI Rules, Comply with Section 9A, Limit Profit to 20% for Eligibility</h1> The declarations required for portfolio managers intending to act as eligible fund managers under SEBI regulations. Existing portfolio managers must confirm compliance with specific subsections of section 9A of the Income-tax Act, 1961, ensuring they are not employees or connected persons of the funds, act in the ordinary course of business, and limit profit entitlement to 20%. New applicants must seek SEBI registration and adhere to similar compliance requirements. Both declarations must be signed by two directors or designated partners, and compliance with any additional government or regulatory requirements is mandatory.
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