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of <h1>Eligible Applicants Must Pay Fees Within 15 Days Under Regulation 15; Extensions Possible, Non-Payment Leads to Suspension</h1> Regulation 15 of the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2020 mandates that eligible applicants must pay the specified fees within 15 days of notification by the Board, as detailed in Schedule II. The Board may extend this deadline to one month if a valid reason is provided. Failure to pay the fees results in the suspension of the portfolio manager's certificate, prohibiting them from conducting portfolio management activities during the suspension period.
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