SEBI has introduced online system for portfolio managers & venture capital funds. Compliances under SEBI (Portfolio Managers) Regulations, 1993 and SEBI (Venture Capital Funds) Regulations 1996 and respective circulars can be done under the online system. Registration as a portfolio manager is also available under the online system. Venture Capital Funds have to submit applications for any request under the online system.
SEBI press release is at