Securities And Exchange Board Of India (Portfolio Managers) (Amendment) Regulations, 2004.

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....urities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following Regulations to further amend the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993, namely :- 1. These Regulations may be called the Securities and Exchange Board of India (Portfolio Managers) (Amendment) Regulations, 2004. 2. They shall come into force on the date of ....

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....II, (I) for the existing clause (1), the following shall be substituted, namely:- "(1) "Every portfolio manager shall pay a sum of Rs. 25,000/- as application fees along with the application for grant of certificate of registration. (1A) Every portfolio manager shall pay a sum of Rs. 5 lakhs as registration fees at the time of the grant of certificate by the Board." [F.No. ....