https://www.taxtmi.com/circulars?id=58774 Portfolio managers may maintain clients' funds in a single separate bank account so long as they segregate each client's funds via clear back-office records, maintain a client-wise accounting system, refrain from using one client's funds for another, provide monthly client statements, and perform daily client-wise reconciliation between ledger records and the bank account. en-us Tue, 23 Jun 2009 00:00:00 +0530 Tue, 03 Feb 2026 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58774 Portfolio managers may maintain clients' funds in a single separate bank account so long as they segregate each client's funds via clear back-office records, maintain a client-wise accounting system, refrain from using one client's funds for another, provide monthly client statements, and perform daily client-wise reconciliation between ledger records and the bank account. Circulars SEBI Tue, 23 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58774