Audit-report deficiencies require portfolio managers to complete corrective steps within two months of the auditor's report date. Portfolio managers must rectify deficiencies identified in the auditor's report within two months from the date of that report. This requirement forms ... Summary
Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026
Audit-report deficiencies require portfolio managers to complete corrective steps within two months of the auditor's report date.
Portfolio managers must rectify deficiencies identified in the auditor's report within two months from the date of that report. This requirement forms part of their general obligations and responsibilities, applies to auditor's reports within the prescribed audit-report framework, and imposes a defined timeframe for corrective action in response to audit-identified deficiencies.
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