Uma
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narahari
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Portfolio manager must have capital adequacy requirement of not less than networth of two crore rupees. However the portfolio manager shall fulfill capital adequacy requirement under these regulations, separately and independently of capital adequacy requirements if any for each activity undertaken by it under the relevant regulations
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veeru
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Portfolio manager must have capital adequacy requirement of not less than networth of two crore rupees. However the portfolio manager shall fulfill capital adequacy requirement under these regulations, separately and independently of capital adequacy requirements if any for each activity undertaken by it under the relevant regulations. Networth for the purpose means the aggregate value of paid-up equity capital plus free reserves (excluding reserves created out of revaluation) reduced by the aggregate value of accumulated looses and deferred expenditure not written off, including miscellaneous expenses not written off.
lochan
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Capital Adequacy Requirement
Portfolio manager must have capital adequacy requirement of not less than networth of two crore rupees.
However the portfolio manager shall fulfill capital adequacy requirement under these regulations, separately
and independently of capital adequacy requirements if any for each activity undertaken by it under the relevant
regulations. Networth for the purpose means the aggregate value of paid-up equity capital plus free reserves
(excluding reserves created out of revaluation) reduced by the aggregate value of accumulated looses and
deferred expenditure not written off, including miscellaneous expenses not written off.
SEBI on being satisfied that the applicant fulfils the requirement specified above shall send an intimation to the
applicant. On payment of the requisite fees by the applicant in accordance with Clause 1A of Schedule II of the
Regulations, he will be granted a certificate of Registration in Form-B.
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