Portfolio manager registration requirement: certificate mandated, with conditions for grant, renewal, exceptions and client grievance duties. No person may act as a portfolio manager without a certificate of registration from the Board, with a transitional provision for existing practitioners who have applied. The Board may grant or renew certificates subject to conditions including prior permission for status changes, payment of prescribed fees, timely redressal and reporting of client grievances, and adherence to rules and regulations; exemptions for certain merchant bankers are limited and conditional.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Portfolio manager registration requirement: certificate mandated, with conditions for grant, renewal, exceptions and client grievance duties.
No person may act as a portfolio manager without a certificate of registration from the Board, with a transitional provision for existing practitioners who have applied. The Board may grant or renew certificates subject to conditions including prior permission for status changes, payment of prescribed fees, timely redressal and reporting of client grievances, and adherence to rules and regulations; exemptions for certain merchant bankers are limited and conditional.
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