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Renewal of Certificate of Registration
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....Portfolio Manager Dear Sirs, Sub: Renewal of Certificate of Registration As required under Section 12 of the SEBI Act and also under Regulation 3 of SEBI (Portfolio Managers) Regulations, 1993, a portfolio manager can function as such only under a Certificate of Registration issued by SEBI. It has also been specified under Regulation 9B of the SEBI (Portfolio Managers) Regulations, 1993 t....
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....t received at SEBI by the expiry date of the certificate of registration, the portfolio manager shall: a. cease to be a portfolio manager on the date of such expiry, b. immediately stop carrying on the portfolio manager activities from the date of such expiry, and such portfolio managers may either transfer their business to another SEBI registered portfolio manager or allow the client to wi....
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....as not advised otherwise by the date of expiry of registration, the portfolio manager shall stop undertaking any fresh business / clients from the date of expiry of the registration. 3. If the application is received at SEBI within the prescribed time and SEBI has not advised otherwise, the portfolio manager may continue to act as such even after expiry of the certificate of registration. If re....