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.... ^4[(3) Such deposit shall be marked as lien in favour of a body or body corporate recognised by the Board for the purpose of administration and supervision of investment advisers in accordance with regulation 14 of these regulations: Provided that the deposit shall be available for utilization in case the investment adviser fails to pay the dues emanating out of arbitration a....
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....f, and capital adequacy requirement for other services offered by the advisers in accordance with the applicable rules and regulations. (2) Investment advisers who are individuals or partnership firms shall have net tangible assets of value not less than rupees one lakh: Provided that existing investment advisers shall comply with the capital adequacy requirement within one year ....
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....stment advisers who are individuals shall have net tangible assets of value not less than five lakh rupees: Provided that existing investment advisers shall comply with the networth requirement within three years from the date of commencement of the SEBI (Investment Advisers) (Amendment) Regulations, 2020.]" 3. Substituted vide F. No. SEBI/LAD-NRO/GN/2025/253 dated 04-....