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TMI BlogDisclosure DocumentX X X X Extracts X X X X X X X X Extracts X X X X ..... he minimum disclosure requirements to be contained in the disclosure document. The portfolio manager may make any other disclosures, which in its opinion are material for the investor, provided that such information is a statement of fact and is not presented in an incomplete, inaccurate or misleading manner. It should also be ensured that inclusion of such information does not, by virtue of its nature or manner of presentation, hamper understanding of any information that is required to be included under the model disclosure document The model Disclosure Document specifies only the nature of the disclosures that should be contained under various heads in the disclosure document and is not intended to describe the layout or language to be c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... used in the Disclosure Document shall be as provided in the Regulations. Any new term if used shall be clearly defined. All terms shall be used uniformly throughout the text of the Disclosure Document. 3. Description (i) History, Present Business and Background of the portfolio manager. (ii) Promoters of the portfolio manager, directors and their background. (iii) Top 10 Group companies/firms of the portfolio manager on turnover. basis (latest audited financial statements may be used for this purpose) (iv) Details of the services being offered: Discretionary/ Non-discretionary / Advisory. 4. Penalties, pending litigation or proceedings, findings of inspection or investigation for which action may have been taken or initiated by any regulato ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and there is no assurance or guarantee that the objective of the investments will be achieved. (ii) Statement to the effect that past performance of the portfolio manager does not indicate its future performance. (iii) Risk arising from the investment approach, investment objective, investment strategy and asset allocation. (iv) Risk arising out of non-diversification, if any. (v) If the portfolio manager has no previous experience/ track record a disclosure to that effect shall be made. (vi) All transactions of purchase and sale of securities by portfolio manager and its employees who are directly involved in investment operations shall be disclosed if found having conflict of interest with the transactions in any of the client s portfolio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es that an investor may have to bear directly or indirectly. Additionally, appropriate cross-references may be given to the relevant sections of the offer document for more complete description in this regard. 12. Taxation Disclose the tax implications of investments in securities and the tax provisions on Income/ Loss or Tax Deduction at Source on various investors. 13. Accounting policies Disclose the accounting policy followed by the portfolio manager while accounting for the portfolio investments of the clients. 14. Investors services (i) Name, address and telephone number of the investor relation officer who shall attend to the investor queries and complaints. (ii) Grievance redressal and dispute settlement mechanism. 2 [ 15) Details o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nnual basis etc. 3. Investment approach opted by the client 4. Details of portfolio construction for the client (a) Equity: Nature of equities in which investments are desired, may be indicated. (b) Balanced: Percentage of debt/equity. (c) Debt: Government Bonds, corporate debt etc. (d) Mutual funds, (e) Others. Date: Place: Signature of the client] ************* NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/58 dated 09-11-2021 w.e.f. 09-12-2021 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/94 dated 22-08-2022 w.e.f. thirtieth day from the date of their publication in the Official Gazette - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxma ..... X X X X Extracts X X X X X X X X Extracts X X X X
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