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Cyber Laws in IT & ITES

With the phenomenal and enormous growth of Internet specialized branch of Law called Cyber Law.

Immigration & Emmigration

When a person enters a new country for the purpose of establishing permanent residence and ultimately gaining citizenship , it is called

Immigration.But the residence of immigrants is subject to the conditions set by the Immigration Law.

Portfolio Manager

Any person who after a contract or arrangement with a client, advises or directs or undertakes on behalf of the client, either as a discretionary portfolio manager or otherwise, the management or administration of a portfolio of securities or the funds of the client, is known as a portfolio manager. A discretionary portfolio manager independently manages the funds of each client in accordance with the needs of the client in a way which is different from a Mutual Fund. A non-discretionary portfolio manager manages the funds in accordance with the directions and instructions of the client.

An applicant for registration or renewal of registration as a portfolio manager has to pay a non-refundable application fee of Rs.1, 00,000/- (Rupees one lakh) by way of a demand draft which is drawn in favour of ‘Securities and Exchange Board of India’, payable at Mumbai. The fee has to be forwarded to the Treasury & Accounts Division located in Mumbai SEBI considers all matters which it deems pertinent to the activities relating to portfolio management. The applicant has to be a body corporate and must have essential infrastructure like sufficient office space, equipments and manpower needed to discharge the activities of a portfolio manager. The principal officer of the applicant should have either a professional qualification in finance, law, accountancy or business management from a university recognised by the Central Government or any State Government; or an experience of at least ten years in similar activities in the securities market