Certificate registration conditions require ongoing compliance, material-change disclosure, investor grievance redressal, net-worth maintenance, and prior approval for control changes. Certificate of registration for a portfolio manager remains conditional on continuous compliance, prompt written disclosure of materially false, ... Summary
Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026
Certificate registration conditions require ongoing compliance, material-change disclosure, investor grievance redressal, net-worth maintenance, and prior approval for control changes.
Certificate of registration for a portfolio manager remains conditional on continuous compliance, prompt written disclosure of materially false, misleading or changed information, prescribed net worth maintenance, fit and proper status, and prior approval for a change in control. Investor grievances require adequate redressal within twenty-one calendar days and reporting of complaint particulars. Business activities must commence within three years after registration, subject to Board-specified conditions.
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