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TMI BlogSECURITIES AND EXCHANGE BOARD OF INDIA (PORTFOLIO MANAGERS) RULES, 1993.X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Exchange Board of India, Act 1992 (15 of 1992), the Central Government hereby makes the following rules, namely: - Short title and commencement 1. (1) These rules may be called the Securities and Exchange Board of India (Portfolio Managers) Rules, 1993. (2) They shall come into force on the date of their publication in the Official Gazette. Definitions 2. In these rules, un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r means a portfolio manager who exercises or may, under a contract relating to portfolio management, exercises any degree of discretion as to the investments or management of the portfolio of securities or the funds of the client, as the case may be; (g) regulations means the Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993. No person to act as portfolio m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proviso to this rule, shall also be bound by the rules and regulations applicable to a portfolio manager. Conditions for grant or renewal of certificate to portfolio manager 4. The Board may grant or renew a certificate to a portfolio manager subject to the following conditions, namely : (a) the portfolio manager in case of any change in its status and constitution, shall obtain the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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