https://www.taxtmi.com/circulars?id=59253 A portfolio manager must hold a valid Certificate of Registration and apply for renewal three months before expiry; absent a complete renewal application by expiry the manager shall cease to be a portfolio manager, stop portfolio management activities, and either transfer client business to another registered portfolio manager or allow each client to withdraw securities and funds without additional cost. Applications after expiry are treated as fresh registrations; incomplete applications are treated as no application. If timely renewal is filed and SEBI has not advised otherwise, the manager may continue pending decision; refusal or SEBI direction requires cessation and client transfer/withdrawal obligations. Voluntary surrender requires one month's client notice. en-us Fri, 11 May 2007 00:00:00 +0530 Tue, 03 Feb 2026 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59253 A portfolio manager must hold a valid Certificate of Registration and apply for renewal three months before expiry; absent a complete renewal application by expiry the manager shall cease to be a portfolio manager, stop portfolio management activities, and either transfer client business to another registered portfolio manager or allow each client to withdraw securities and funds without additional cost. Applications after expiry are treated as fresh registrations; incomplete applications are treated as no application. If timely renewal is filed and SEBI has not advised otherwise, the manager may continue pending decision; refusal or SEBI direction requires cessation and client transfer/withdrawal obligations. Voluntary surrender requires one month's client notice. Circulars SEBI Fri, 11 May 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59253