Portfolio Management and Investment Advisory: law, practical example, evidence, risk and Finin2min action workflow.
Discretionary management and advice require role, suitability, custody and conflict controls.
Fund and financial-adviser framework
Read with the current rules, notifications, circulars, portal instructions and binding judgments applicable to the event date.
Fix person, entity, role, activity, period, location, threshold and regulator.
Separate statute, delegated law, regulator guidance, contract and internal policy.
Reconcile documents, systems, filings, accounts and approvals.
Separate mandate, authority and fee design.
A family office seeks managed accounts from an IFSC entity.
Finin2min decision rule: reperform the analysis when a material fact, date, role or legal instrument changes.
Calling a managed mandate 'advisory' does not change substance.
Common additional failures are stale law, incomplete authority, inconsistent records, undocumented judgment and missing cross-law analysis.
| Stage | Control | Output |
|---|---|---|
| Facts | Freeze parties, dates, amounts and documents | Fact sheet |
| Law | Open current primary sources | Legal map |
| Evidence | Resolve inconsistencies | Evidence index |
| Decision | Approve, remediate, disclose or escalate | Signed note |
Discretionary management and advice require role, suitability, custody and conflict controls.
Fund and financial-adviser framework
licence and activity approvals; constitutional and ownership records; capital and substance evidence; client and product files.
Separate mandate, authority and fee design.
India Code
Reviewed 4 July 2026
Source review: 4 July 2026. Verify later amendments and case status before professional reliance.