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of <h1>SEBI Must Provide Hearing Before Rejecting Portfolio Manager Application Under Regulation 4; Decision Within 30 Days</h1> If the Securities and Exchange Board of India (SEBI) decides not to grant registration to a portfolio manager applicant under Regulation 4, it must provide the applicant with a reasonable opportunity to be heard before rejecting the application. The decision to reject must be communicated to the applicant within thirty days of making the decision.
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