https://www.taxtmi.com/acts?id=35448 SEBI requires portfolio managers and applicants to sign declarations (by two directors or designated partners) confirming they are not employees or connected persons of the eligible investment fund, that they act in the ordinary course of their portfolio management business, and that they and their connected persons will not be entitled to more than twenty percent of profits arising to the eligible investment fund from transactions executed through them; fund management for eligible funds is subject to SEBI registration and to other government or regulatory requirements. en-us Wed, 23 Jan 2019 10:55:03 +0530 Wed, 23 Jan 2019 10:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35448 SEBI requires portfolio managers and applicants to sign declarations (by two directors or designated partners) confirming they are not employees or connected persons of the eligible investment fund, that they act in the ordinary course of their portfolio management business, and that they and their connected persons will not be entitled to more than twenty percent of profits arising to the eligible investment fund from transactions executed through them; fund management for eligible funds is subject to SEBI registration and to other government or regulatory requirements. Act-Rules SEBI Wed, 23 Jan 2019 10:55:03 +0530 https://www.taxtmi.com/acts?id=35448