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of <h1>SEBI Amends Portfolio Managers Regulations: New Registration and Renewal Fees Introduced for Compliance.</h1> The Securities and Exchange Board of India (SEBI) has amended the Portfolio Managers Regulations of 1993. Effective upon publication in the Official Gazette, the amendments require portfolio managers to pay a registration fee of Rs. 5 lakh upon receiving a certificate from SEBI. To maintain registration, a renewal fee of Rs. 2.5 lakh is due every three years starting from the fourth year after initial registration. Fees must be paid within fifteen days of receiving SEBI's intimation and are payable via demand draft to SEBI, either in Mumbai or at the respective regional office.
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