Securities And Exchange Board Of India - Subsection
Section 16(1)(b) in Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993
(b)Any renewal of portfolio fund on maturity of the initial period shall be deemed as a fresh placement [* * *] [Omitted 'and shall be for a minimum period of one year' by the SEBI (Portfolio Managers) (Amendment) Regulations, 2002, w.e.f. 11-10-2002.].