Portfolio manager eligibility requires compliance with statutory tax conditions and prior Board intimation plus specified declarations. An existing portfolio manager may act for an eligible investment fund only if it satisfies the tax-related conditions in subsection (4) of Section 9A of the Income-tax Act, 1961, and provides prior intimation to the Board along with the declarations prescribed in clause (1) of Schedule VI.
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Portfolio manager eligibility requires compliance with statutory tax conditions and prior Board intimation plus specified declarations.
An existing portfolio manager may act for an eligible investment fund only if it satisfies the tax-related conditions in subsection (4) of Section 9A of the Income-tax Act, 1961, and provides prior intimation to the Board along with the declarations prescribed in clause (1) of Schedule VI.
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