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....ission, regulation 9 read as under: "9.Renewal of certificate.─ (1) A portfolio manager may, three months before the expiry of the validity of the certificate, make an application for renewal in Form A 28[along with fees specified in clause 1 of Schedule II.] (2) The application for renewal, under sub-regulation (1) shall be dealt with in the same manner as if it were an application....

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