Application for grant of certificate of registration
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.... made to the Board in Form A. 5[(1A) An application for registration made under sub-regulation (1) shall be accompanied by a non-refundable application fee as specified in Schedule II.] (2) The application under sub-regulation (1) shall be made for any one of the following categories of the merchant banker namely:- (a) Category I, that is- (i) to carry on any activity of the issue management....
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....[***] (iii) an applicant can carry on the activity as portfolio manager only if he obtains separate certificate of registration under the provisions of the Securities and Exchange Board of India (Portfolio Manager) Regulations, 1993.] (3) Notwithstanding anything contained in sub-regulation (1) any application made by a merchant banker prior to coming into force of these regulations containing ....