Explain the requirements to be satisfied by the applicant for getting the certificate of registration as a portfolio manager.

The requirements to be satisfied by the applicant for getting the certificate of registration as mentioned in Regulation 6 of the SEBI (Portfolio Managers) Regulations, 1993 are as follows:- the applicant is a body corporate; the applicant has the necessary infrastructure like adequate office space, equipment's and the manpower to effectively discharge the activities of a portfolio manager; the principal officer of the applicant has either professional qualifications in finance, law, accountancy or business management from an institution recognised by the Government or a foreign university or an experience of at least 10 years in related activities in the securities market including in a portfolio manager, stock broker or as a fund manager; the applicant has in its employment minimum of two persons who, between them, have at least five years' experience as portfolio manager or stock broker or investment manager or in the areas related to fund management; any previous application for grant of certificate made by any person directly or indirectly connected with the applicant has been rejected by SEBI; any disciplinary action has been taken by SEBI against a person directly or indirectly connected with the applicant under the Act or the Rules or the Regulations made thereunder; the applicant fulfils the capital adequacy requirements; the applicant its director, principal officer or the employee as specified in Clause (d) is involved in any litigation connected with the securities market which has an adverse bearing on the business of the applicant. the applicant, its director, principal officer the employee as specified in Clause (d) has at any time been convicted for any offence involving moral turpitude or has been found guilty of any economic offence; grant of certificate to the applicant is in the interests of investors.