Portfolio Managers - Amendment to Additional Information for registration / renewal applications

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[email protected] IMD/DOF I/PMS/Cir- 5/2009 July 31, 2009 All Registered Portfolio Managers All Applicants Desirous of Registering as a Portfolio Manager Dear Sir/ Madam, Sub: Portfolio Managers - Amendment to Additional Information for registration / renewal applications 1. SEBI vide Circular No. SEBI/RPM CIRCULAR NO. 2 (2002-2003) dated January 14, 2003 specified the Additiona....

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....uity capital   Add: Free reserves (excluding reserves created out of revaluation)   Less: Accumulated losses   Less: Deferred expenditure not written off (including miscellaneous expenses not written off)   Less: Minimum Capital Adequacy / networth requirement for any other activity undertaken under other SEBI Regulations.   Networth  ....