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    <title>Incorporation of asset management companies and other intermediaries in securities market</title>
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    <description>Registrars of Companies should not insist on prior regulatory approval for incorporation of intermediaries like merchant bankers, registrars to an issue, investment advisers and portfolio managers; however, asset management companies must obtain clearance of their draft memorandum and articles of association from the regulator under the mutual fund framework before being registered by the Registrar of Companies, and prior departmental guidance on AMCs continues to apply.</description>
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      <description>Registrars of Companies should not insist on prior regulatory approval for incorporation of intermediaries like merchant bankers, registrars to an issue, investment advisers and portfolio managers; however, asset management companies must obtain clearance of their draft memorandum and articles of association from the regulator under the mutual fund framework before being registered by the Registrar of Companies, and prior departmental guidance on AMCs continues to apply.</description>
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      <pubDate>Fri, 15 Apr 1994 00:00:00 +0530</pubDate>
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