Rectification obligation: portfolio managers must remedy auditor identified deficiencies within the prescribed timeframe to ensure compliance. Portfolio managers must take corrective steps to remedy deficiencies identified in the auditor's report within the timeframe specified by the regulations, ... Summary
Securities And Exchange Board of India (Portfolio Managers) Regulations, 2020
Rectification obligation: portfolio managers must remedy auditor identified deficiencies within the prescribed timeframe to ensure compliance.
Portfolio managers must take corrective steps to remedy deficiencies identified in the auditor's report within the timeframe specified by the regulations, creating an affirmative, time bound remedial responsibility to ensure audit identified defects are corrected in accordance with the regulatory schedule.
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