TMI BlogRenewal of Certificate of RegistrationX X X X Extracts X X X X X X X X Extracts X X X X ..... e SEBI Act and also under Regulation 3 of SEBI (Portfolio Managers) Regulations, 1993, a portfolio manager can function as such only under a Certificate of Registration issued by SEBI. It has also been specified under Regulation 9B of the SEBI (Portfolio Managers) Regulations, 1993 that such certificate of registration shall be valid for a period of three years from the date of its issue. Further, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o be a portfolio manager on the date of such expiry, b. immediately stop carrying on the portfolio manager activities from the date of such expiry, and such portfolio managers may either transfer their business to another SEBI registered portfolio manager or allow the client to withdraw the securities and funds in its custody at the option of the client, and in either case, without any addition ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sh business / clients from the date of expiry of the registration. 3. If the application is received at SEBI within the prescribed time and SEBI has not advised otherwise, the portfolio manager may continue to act as such even after expiry of the certificate of registration. If renewal is granted, it will be deemed to be in continuation of the earlier registration. 4. If renewal is refused b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the above cases, the application for renewal shall mean the application complete in all respects. Incomplete application will be treated as no application. 6. If a portfolio manager wishes to surrender the registration voluntarily before the expiry of the registration, it shall intimate its existing clients about the same at least one month in advance before making request for surrender of cer ..... X X X X Extracts X X X X X X X X Extracts X X X X
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