Regulation 13 - Procedure where registration is refused - Securities And Exchange Board of India (Portfolio Managers) Regulations, 2020

Procedure where registration is refused 13. (1) After considering an application made under regulation 4 , if the Board is of the opinion that a certificate should not be granted to the applicant, it may reject the application after giving the applicant a reasonable opportunity of being heard. (2) The decision of the Board to reject the application shall be communicated to the applicant within thirty days of such decision.