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In force from 1 April 2027. The SEBI (Portfolio Managers) Regulations, 2026 were notified on 7 October 2026 and replace the 2020 Regulations from 1 April 2027. Until then, the 2020 Regulations apply.

REGULATION 7 · Chapter II · Procedure for registration of portfolio managers

Continuance of registration

SEBI (Portfolio Managers) Regulations, 2026 · notified 7 October 2026 · in force from 1 April 2027

In plain English

To keep the registration in force, pay the renewal fee (₹5 lakh for every block of three years, First Schedule) within three months before the current three-year block ends.

This note explains the provision; the notified text below is the law.

Key numbers in this regulation

  • Renewal fee₹5 lakh for each block of three years, paid within three months before the block ends

Regulation 7 as notified

(1) To keep the registration in force, a portfolio manager shall pay requisite fees specified in First Schedule, within three months prior to expiry of the block of three years for which fees has been paid. (2) In case where a portfolio manager fails to pay such fees, the Bo ard may suspend the certificate and the portfolio manager shall immediately cease to carry on the activity as a portfolio manager for the entire duration of suspension.

English text of the Gazette notification. Read with any circulars SEBI issues under these Regulations.

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The plain-English note is a learning aid. The notified text is the law; check later SEBI circulars.

Prashant Kumar

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CS Prashant Kumar

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Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.