https://www.taxtmi.com/acts?id=54960 Portfolio management services require agreed client fees without any direct or indirect guarantee or assurance of returns. Discretionary portfolio management must be independently tailored to each client's needs and must not have the character of a retail fund, while non-discretionary management must follow client directions. The FME must ensure compliant distribution, report performance uniformly across required disclosures and communications, conduct annual audits of managed portfolio accounts, and provide the audit certificate to each client. en-us Fri, 11 Sep 2026 16:43:46 +0530 Fri, 11 Sep 2026 16:43:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54960 Portfolio management services require agreed client fees without any direct or indirect guarantee or assurance of returns. Discretionary portfolio management must be independently tailored to each client's needs and must not have the character of a retail fund, while non-discretionary management must follow client directions. The FME must ensure compliant distribution, report performance uniformly across required disclosures and communications, conduct annual audits of managed portfolio accounts, and provide the audit certificate to each client. Act-Rules Indian Laws Fri, 11 Sep 2026 16:43:46 +0530 https://www.taxtmi.com/acts?id=54960