https://www.taxtmi.com/circulars?id=61079 SEBI will grant separate portfolio manager registrations to distinct entities in the same group if they are separate legal entities with independent Boards (no majority common directors), maintain arms length operations, have independent key personnel and infrastructure, and possess independent regulatory controls and supervisory mechanisms; however, suspension or cancellation of one group entity's registration may invite action under Regulation 35 against other registered group entities. "Same group" encompasses common control by a person (alone or with relatives), being under the same management as per the Companies Act, 1956, or direct/indirect control of one entity over another, with "control" as defined in the SEBI takeover regulation. en-us Tue, 17 Sep 2002 00:00:00 +0530 Tue, 03 Feb 2026 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61079 SEBI will grant separate portfolio manager registrations to distinct entities in the same group if they are separate legal entities with independent Boards (no majority common directors), maintain arms length operations, have independent key personnel and infrastructure, and possess independent regulatory controls and supervisory mechanisms; however, suspension or cancellation of one group entity's registration may invite action under Regulation 35 against other registered group entities. "Same group" encompasses common control by a person (alone or with relatives), being under the same management as per the Companies Act, 1956, or direct/indirect control of one entity over another, with "control" as defined in the SEBI takeover regulation. Circulars SEBI Tue, 17 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61079