Regulation 12C - Procedure to be followed by an existing Portfolio Manager - Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993

1 [Procedure to be followed by an existing Portfolio Manager 12C. An existing portfolio manager may act as a portfolio manager to an eligible fund manager if: a) it fulfills all the conditions specified in sub section (4) of Section 9A of the Income-tax Act, 1961; and b) it intimates the Board prior to undertaking such activity and submit declarations as specified in clause (1) of Schedule VI. ] ****** 1 Inserted by the SEBI (Portfolio Managers) (Amendment) Regulations, 2016, w.e.f. 02-01-2017.