https://www.taxtmi.com/acts?id=56737 Portfolio manager-client agreements must define fiduciary services, discretionary and non-discretionary responsibilities, investment objectives, client restrictions, risk disclosures, custody, separate accounts, reporting and inspection rights. They must prohibit contractual changes without prior client consent and require transparent fee, expense and billing terms. Liability provisions must address negligence, wilful misfeasance and acts of intermediaries while limiting client liability to the investment amount. Agreements must also cover termination, death or disability, assignment, governing law, grievance redressal, dispute resolution and arbitration. en-us Wed, 14 Oct 2026 16:04:27 +0530 Thu, 15 Oct 2026 15:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=56737 Portfolio manager-client agreements must define fiduciary services, discretionary and non-discretionary responsibilities, investment objectives, client restrictions, risk disclosures, custody, separate accounts, reporting and inspection rights. They must prohibit contractual changes without prior client consent and require transparent fee, expense and billing terms. Liability provisions must address negligence, wilful misfeasance and acts of intermediaries while limiting client liability to the investment amount. Agreements must also cover termination, death or disability, assignment, governing law, grievance redressal, dispute resolution and arbitration. Act-Rules SEBI Wed, 14 Oct 2026 16:04:27 +0530 https://www.taxtmi.com/acts?id=56737