Registration of Portfolio Managers to be Decentralized by SEBI from 05.08.2020

Registration of Portfolio Managers to be Decentralized by SEBI from 05.08.2020

Securities and Exchange of Board of India

Press Release No. 41/2020

Decentralization of work related to Registration of Portfolio Managers

SEBI is granting registration to the applicants fulfilling the compliance of the various provisions of SEBI (Portfolio Managers) Regulations, 2020. At present, applicants submit their registration applications for Portfolio Managers through SEBI Intermediary Portal (siportal.sebi.gov.in) and these applications are processed at Head Office of SEBI in Mumbai.

It has been decided that the processing of registration applications for Portfolio Managers received on or after August 05, 2020, shall be decentralised and delegated to the respective Regional Offices or Head Office, Mumbai, based on the registered address of the applicant. Accordingly, w.e.f. August 05, 2020, registration applications for Portfolio Managers will be processed by respective offices of SEBI and applicants should file all communications related to their registration applications for Portfolio Managers with the said office of SEBI.

SEBI has four Regional Offices i.e. Eastern Regional Office at Kolkata, Northern Regional Office at Delhi, Southern Regional Office at Chennai and Western Regional Office at Ahmedabad. The addresses of SEBI Head Office and Regional Offices are available at www.sebi.gov.in.

*****

Mumbai
August 04, 2020

• Sale of flats in a real estate project held capital gains considering intention of assessee
• Interest liability recognised by journal entries at the close of year, can’t be termed as fictitious – ITAT
• Cash deposits in bank which were immediately transferred to other accounts – addition deleted
• ITAT disallows 6% for alleged bogus purchases being appropriate
• CBDT can’t restrict power of CIT u/s 119(2)(b) to condone delay beyond six years – High Court