https://www.taxtmi.com/acts?id=56711 Portfolio managers must maintain separate client-wise accounts recording funds, investment activity, investment credits, expenses and tax deducted at source. Books require yearly audit by a qualified auditor, with a certificate filed with the Board within six months where specified. Portfolio accounts also require annual independent chartered-accountant audit, and the certificate must be supplied to clients. Clients may appoint a chartered accountant to examine records relating to their transactions, with which the portfolio manager must cooperate. en-us Wed, 14 Oct 2026 15:53:39 +0530 Wed, 14 Oct 2026 15:53:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=56711 Portfolio managers must maintain separate client-wise accounts recording funds, investment activity, investment credits, expenses and tax deducted at source. Books require yearly audit by a qualified auditor, with a certificate filed with the Board within six months where specified. Portfolio accounts also require annual independent chartered-accountant audit, and the certificate must be supplied to clients. Clients may appoint a chartered accountant to examine records relating to their transactions, with which the portfolio manager must cooperate. Act-Rules SEBI Wed, 14 Oct 2026 15:53:39 +0530 https://www.taxtmi.com/acts?id=56711