Securities And Exchange Board Of India - Subsection
Section 6(2)(d) in Securities and Exchange Board of India (Portfolio Managers) Rules, 1993
(d)the applicant has in its employment minimum of two persons who, between them, have at least five years experience [in related activities in portfolio management or stock broking or investment management] [Substituted 'as portfolio manager or stock broker or investment manager.' by the SEBI (Portfolio Managers) (Amendment) Regulations, 2008, w.e.f. 11-08-2008] or in the areas related to fund management;