Mines Ministry to hold 2-day Critical Minerals Summit (See 'Corp Brief') IBC - When one party owes debt to another and creditor is claiming under written agreement providing for rendering 'service', debt is operational debt if claim of debt has some connection with service : SC (See 'Legal Desk') Companies Act - Stamp duty @5% market value of property is liable to be paid only when property is situated within State of Madhya Pradesh otherwise not : HC (See 'Legal Desk') SEBI Act - Final opportunity of inspection of documents and cross-examination of witnesses should be given to Appellants : SAT (See 'Legal Desk') SARFAESI Act - Mere discovery of new or important matter or evidence is not a sufficient ground for review ex debito justitiae : HC (See 'Legal Desk') Conference organized on Maritime Amrit Kaal Vision 2047 (See 'Corp Brief') PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC (See 'Legal Desk') CSIR, NIScPR organize national workshop to celebrate World Intellectual Property Day (See 'Corp Brief') SEBI Act - Appellants have failed to substantiate their claim of financial distress nor have they brought any new fact or circumstances requiring grant of interim relief : SAT (See 'Legal Desk') ACC delivers lifetime highest annualised PAT (See 'Corp Brief') Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC (See 'Legal Desk') SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project (See 'Corp Brief') IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC (See 'Legal Desk') REC to extend loan of Rs 1869 Cr for Kiru Hydro Electric Project (See 'Corp Brief')

Online system for portfolio managers & VC funds introduced

Published: May 31, 2017

By TIOLCORP News Service

NEW DELHI , MAY 31, 2017: IN order to bring all the intermediary related processes (registration, reporting and other requests) to the online platform, the Securities and Exchange Board of India (SEBI) has introduced an online system for Portfolio Managers.

The system provides a comprehensive solution for all the regulatory compliances specified under the SEBI (Portfolio Managers) Regulations, 1993 and circulars issued thereunder. All applicants desirous of seeking registration as a Portfolio Manager will now be required to submit their applications on the online system. Existing SEBI registered Portfolio Managers have been separately intimated by emails and advised to activate their online accounts.

In order to help in the process of registration and other compliances, users will have access to the manual provided in the portal. And in case any further help is required, users will also have the facility of contacting the portal helpline as specified in the manual.

A similar online system has also been introduced for Venture Capital Funds. The system provides the facility for all compliances, as specified under the SEBI (Venture Capital Funds) Regulations, 1996, and options for other requests. All SEBI registered Venture Capital Funds will now be required to file their reports and submit applications for any request on the online system.

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