An applicant seeking to act as a Portfolio manager can make an application to the Board in Form A along with the non -refundable application fees of Rs. One Lakh.
Portfolio Manager Registration License
Portfolio Manager Registration License
The term portfolio means a collection of investments. Therefore, the person responsible for managing, advising, supervising a portfolio, on behalf of his client, in return for a fee, is known as Portfolio Manager.
The foremost expectation from a portfolio manager is he must be capable of satisfying his client's needs by investing his funds for optimum profits. He should act in a fiduciary capacity in respect of client's funds. He should act within a framework of an agreement entered between them. The concept of a portfolio manager is governed by the SEBI (Portfolio Managers) Regulations, 1993. Therefore, it is mandatory for any individual before carrying out the activities of a portfolio manager to be registered with SEBI
Procedure for the SEBI Registered Portfolio Manager
After the receipt of the application, the Board, if not satisfied due to the incompleteness in the application and its non-confirmation to the instructions as specified in the form, then it may reject the application. The Board may also ask for the further information or even require the applicant or principal officer to appear in person before the Board.
While granting the Certificate of Registration, the Board takes into the consideration the following important points:
The applicant should be a body corporate and should have adequate infrastructure office space, equipment.
The principal officer should have qualification in finance, law and as well as should have an experience of 10 years in related activities in securities market
The applicant must have in its employment minimum of two persons, with one of them having at least five years of experience in related activities.
The activities of the Portfolio Manager should always be in the interest of investors.
The Board, as per the criteria determined in the second schedule, shall acknowledge about the fit and proper condition of the concerned individuals and the applicant entity.
Capital adequacy requirement should not be less than the net worth of Two crore rupees.
Once, the Board is satisfied that the applicant fulfills the eligibility criteria determined by the regulation, it shall send the intimation to the applicant and on receipt of the payment of fees of Rs. Ten Lacs shall grant a certificate of registration in Form B.
The certificate of Registration remains valid unless it has been suspended or canceled by the Board.
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FAQs For Private Limited Company Registration
The name should be unique, catchy and it must have a related meaning to you. the name of Company should also relate business Activity of the Company, however, any name may be prefer for register of a Private Limited Company subject to propose name has not already been taken by someone else. It may note that the name of the Company must also be legal as per the provisions of the Companies Act, 2013 and rules made thereunder.
Yes, It is mandatory to have at least two Directors and two members (both can be same) to register Private Limited Company in India. One Director must be resident of India.
It is not entirely correct, although there is no government fee to register a Private Company but there is always required to pay stamp duty to register a Company in India which vary from state to state.
Director identification number (DIN) is unique identification number allotted by registrar of Companies (ROC) to the person willing to be Director of a Company. Digital Signature Certificate (DSC) is a digital sign which are required to signed forms to be filed with MCA or ROC.
No, you are not required to have a proper office since a Company can be register at your residential address, it only required an address proof like utility bill, gas bill, telephone bill or water bill.
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