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    <title>Compliance with Regulation 16(8) of SEBI (Portfolio Managers) Regulations, 1993</title>
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    <description>Non compliant portfolio managers must immediately stop accepting new clients until fully compliant with Regulation 16(8) and submit monthly progress reports; client securities in pool accounts as of May 11, 2009 are frozen for further transactions though selling and transfers to respective clients are permitted, and no fresh purchases on behalf of those clients are allowed.</description>
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      <description>Non compliant portfolio managers must immediately stop accepting new clients until fully compliant with Regulation 16(8) and submit monthly progress reports; client securities in pool accounts as of May 11, 2009 are frozen for further transactions though selling and transfers to respective clients are permitted, and no fresh purchases on behalf of those clients are allowed.</description>
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