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Want to Secure collective investment scheme registration with SEBI? Let our experts simplify the registration process and save your time.
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Index CIS Registration - Overview Benefits Registration Process CIS Types Documents Required Regulations & Framework Legal Requirements Eligibility Criteria Post-CIS Registration Compliance Schedule Meeting Collective Investment Scheme Registration – An Overview Aspect Details Timeline Usually, it takes around 5 to 6 weeks to fully register and receive a CIS registration certificate Benefits Portfolio of Securities Profits Maximization Portfolio Diversification Ensure High Liquidity Transparent Reporting Regulatory Oversight Eligibility Minimum capital of Rs. 50 crores Rs. 100 crores till 5 consecutive years 50% Independent directors Registered trust Fit and Proper Criteria Incorporated under the Provisions of Companies Act, 1956 or Companies Act, 2013 Registered under SEBI (Collective Investment Schemes) Regulations, 1999 Objective of managing CIS Integrity among Directors/ Key Managers Step-by-Step Procedure Filing of Application Payment of Application Fees Confirmation from the Board Appeal for Rejection Grant of Certificate Compliance with Terms and Conditions Documents Required Details of Directors KYC Details - Directors MOA & AOA Address Proof Certificate of Company Registration Annual Financial Statement How can we help you? Collective Investment Scheme Return Services Comprehensive Assistance for Regulatory Landscape Pooling of Diversified Portfolios Secures Investor’s Interest Access to Professional Investment Management Appeal for Rejection of Registration Application Fulfils Required Annual Compliance Checklist Hassle-Free Processing of Documents Provides Reasonable Estimated Costs Speedy Filing of Registration Application Maximize Profit with Collective Investment Scheme Registration Let us help you experience the easy and budget-friendly Collective Investment Scheme Registration. Get Started Now What is a Collective Investment Scheme in India? According to section 11AA (2) of the SEBI Act of 1992, a collective investment scheme in India is an arrangement in which a company pools and utilizes the contributions made by different investors. It is a particular investment scheme in which different individuals invest in a specific asset. The main objective of this form of collective investment scheme in India is to get some form of income or profit from this investment. Enterslice offers a cost-effective process for the successful registration of a collective investment scheme in India. Accessibility & Affordability Long-Term Growth Income Generation through Dividend Payments Reduce Transaction Cost by 30% Flexible Investment Management Ensures Periodic Reporting Benefits of Collective Investment Scheme SEBI The applicants applying for the registration of collective investment schemes enjoy several benefits which facilitate the pooling of money from one investor to another investor. Investments through this scheme ensure you handle your risk appetite and stabilize your financial situation. However, some of the key benefits of securing registration under the collective investment scheme SEBI regulated by the Securities and Exchange Board of India are as discussed below: Portfolio of Securities An investor considering investing in a CIS would have a wide range of portfolios to consider. Hence, an investor can choose a suitable portfolio to invest in as per his requirements. Profits Maximization Through collective investment scheme SEBI, profits can be maximized. Having different forms of investments in various collective investment schemes would maximize the profits. Portfolio Diversification One of the main aims of investing in such a scheme is the diversification of the portfolio. Through diversification, one can achieve good returns and reduce the risk avenues in the investment. Ensure High Liquidity Collective investment schemes are highly liquid and marketable. Hence considering investing in such a scheme would maximise the income of the investor. Transparent Reporting These schemes ensure transparent reporting/ disclosure of financial information, performance, and holdings to protect the interests of investors. Regulatory Oversight The CIS enjoys regulatory oversight imposed by several rules and regulations established to facilitate transparency and promote investor’s interest, and fair practices. CIS Fund Registration Process in India The applicants intending to apply for the CIS fund registration process must initially set up a collective investment management company. Further, according to section 3 of the SEBI (Collective Investment Schemes) Regulations of 1999, an applicant is required to manage a CIS only with an effective certificate of registration. Filing of Application The applicants are initially required to file Form A to secure a registration certificate for their CIS company. Further, any applicant intending to start a scheme, which would be deemed a CIS, should also apply in ‘Form A’ as prescribed under section 11AA of the Act. Payment of Application Fees As per section 6 of the act, the applicant is required to pay a non-refundable application fee for registering as a collective investment management company as specified in the second schedule. Confirmation from the Board The application for registering under Collective Investment Schemes must confirm with the requirements of the board. If there are any forms of discrepancies with the application, then the application would be rejected. Appeal for Rejection If the application is rejected, then the applicant has to provide reasonable cause as to why the application should be accepted. This must be carried out within a period of 30 days from the date of rejection of the application. Grant of Certificate Upon the fulfillment of all the necessary requirements and remittance of the application fee, the board grants a certificate for registration of the collective investment fund management company as prescribed under ‘Form B’. Compliance with Terms and Conditions Lastly, the CIS granted registration under section 10 of the act is mandatorily required to comply with the terms and conditions placed by the Securities and Exchange Board of India. Types of Collective Investment Schemes in India Some of the common types of collective investment schemes in India governed by SEBI fall under diverse categories of investment, as discussed below: Mutual Funds Mutual Funds are investment vehicles that pool money for investment into diversified portfolios of stocks, bonds, or other securities. Further, equity, debt, hybrid, index, and sectoral are some of the common funds managed on behalf of investors. Real Estate Investment Trusts Real Estate Investment Trusts (REITs) are those investment vehicles that pool funds for making further investments into income-generating real estate assets (like commercial properties, shopping malls, and residential complexes) without directly owning the property. Exchange-Traded Funds Exchange-traded funds (ETFs) generally pool the financial resources of different people for the purchase of tradable monetary assets like shares, debt securities, etc. Hedge Funds Hedge Funds are those specialized alternative investment funds that ensure investment in non-traditional asset classes. Hence, these offer a broader range of investment strategies. India, a hotspot for investment opportunities, invites you to join the race for registered collective investment schemes. Transform your visionary investment ideas into reality with our expert guidance and deep insights into the dynamic CIS realm. Documents Needed for CIS Registration A set of crucial documents must be submitted as a part of the mandatory requirements needed for securing a CIS registration in India: Details of Directors KYC Details โ Directors MoA & AoA Address Proof Certificate of Company Registration Annual Financial Statement Build Your Investment Empire in India with Enterslice Having in-depth experience within the rapidly growing economy of India provides expert guidance to build and expand your investment portfolios. Also, we conduct a thorough analysis of the CIS market, which ensures informed decision-making. We offer comprehensive services to establish and grow your investment empire with confidence and ease. We further assist you in dealing with the complexities of the Indian investment landscape to get seasoned with the best financial investment options. 10,000+ Experienced Professionals In-Depth CIS Market Analysis 98% Client Retention Rate Round-the-Clock Services Schedule a Meeting Collective Investment Scheme Regulations & Framework CIS registration in India is primarily regulated by the Securities and Exchange Board of India (SEBI). The regulatory framework or collective investment scheme regulations governing the various aspects of CIS registration, including eligibility, compliance, disclosure, and ongoing monitoring, crucially ensure investors’ protection, transparency, and management of the diversified investment vehicle. Compliance with the regulatory framework, which provides for the fit and proper criteria for CIS registration, is mandatory. Here’s an overview of the regulatory framework: SEBI (Collective Investment Scheme) Regulations, 1999 This regulation lays an effective framework ensuring smooth registration, operation, and governance of CIS in India. SEBI (Mutual Funds) Regulations, 1996 This regulation is drafted to secure the registration, disclosure, and compliance with MFs before they collect funds from investors. SEBI (Real Estate Investment Trusts) Regulations, 2014 This regulation ensures the registration, disclosure, and governance of REITs for the issue of units to investors. SEBI (Alternative Investment Funds) Regulations, 2012 This regulation ensures the registration of diversified AIFs based on the investment strategies opted for. Legal Requirements for CIS Registration in India Information Regarding Material Change :- Any relevant changes regarding the Collective Investment Scheme must be duly informed to the relevant authorities. Appointment of Director :- The applicants must mandatorily appoint company’s director(s) possessing good reputation and valid experience in the financial sector, particularly in managing and registration of the CIS. Compliance With Regulation :- The applicants are required to ensure compliance with SEBI regulations for maintaining transparency and fairness for CIS registration in India. Prior Approval of Board :- The prior approval of the compliance officer of the Securities and Exchange Board of India is mandatorily required for the successful CIS registration in India. Appointment of Trustee :- The CIS Company should appoint an independent sponsor or trustee eligible for holding assets of the collective investment scheme in India. Business Unique Taxpayer Reference Number (UTR) :- One of the major legal requirements for CIS registration in India is a business unique taxpayer reference number (UTR), which ensures unique identification of your registered CIS when dealing with tax situations. National Insurance Number :- National Insurance Number is used as a reference number in the ‘Pay As You Earn System’ to check that an individual has opened ay Individual Saving Account in the tax year. What are the Restrictions Imposed on Business Activities under CIS? Some restrictions are imposed on certain business activities of a CIS company under the Collective Investment Scheme. This form of company is restricted from taking part in any other activity other than managing the scheme. Further, they are restricted from acting as a trustee for any other collective investment scheme. The CIS company cannot launch any form of scheme for active investing. However, the company can carry out any form of investment under its own scheme only if it either makes a disclosure of its intention to invest in the offer document of the CIS or if does not charge any fees for its investment in CIS. Eligibility Criteria for Collective Investment Scheme Registration The eligibility criteria as provided below must be secured by the applicants applying for the collective investment scheme registration in India: Checklist for Registration Under CIS: Incorporated under the Provisions of Companies Act, 1956/2013 Registered under SEBI (Collective Investment Schemes) Regulations, 1999 Objective of managing CIS Initial net worth of Rs. 50 crores Net worth of Rs. 100 crores until it makes a profit for 5 consecutive years Satisfy fit and proper criteria Comply with infrastructural facilities Integrity among Directors/Key Managers 50% independent directors Compliance with Chapter IX Checklist for Participants: Sponsor - any Registered Company or LLP Shareholders or Unit Holders Trustee - acting for the benefit of unit holders Manager of the fund Investors - individuals, institutions, corporate entities Registrar and Transfer Agent - RTA Asset Management Company - AMC Custodian Schedule Meeting What is the Post-CIS Registration Compliance Checklist? The post-registration compliance checklist for the collective investment scheme is crucial to secure the smooth operations of the collective investment scheme management company. Raising of Public Funds Grievance Redressal Get a Credit Rating Management of Funds/Properties Agreement with Depository Agreement with Trustee Appoint Registrar and Share Transfer Agent Abide by the Code of Conduct Submission of Quarterly Reports Inspection and Audit of Monthly Report Conduct 2 Meetings in Every 3 Months Obtain Insurance Against CIS Collective Investment Scheme Vs Mutual Fund Get a glimpse of the difference between mutual fund and collective investment scheme for a better understanding of the concept of collective investment scheme Vs Mutual Fund- Feature Collective Investment Schemes (CIS) Mutual Fund Structure Managed by a custodian or trustee who holds and administers the assets of the scheme Managed by a fund manager who invests the pooled money on behalf of individual investors Regulation May have less stringent regulatory requirements Subject to stricter regulatory oversight Liquidity May have less liquidity Generally known for high liquidity Accessibility Less accessible to individual investors More accessible to individual investors Fees Generally lower fees Can have a variety of fee structures Investment Goals Typically cater to institutional investors with specific risk-return profiles and long-term investment horizons Offers a wide range of investment objectives such as balanced portfolios, growth, and income Why Choose Enterslice for CIS Registration? The procedure for collective investment scheme registration in India is a bit complex and time-consuming. Partner with Enterslice to enjoy reliable services and secure your registration under the CIS. Here’s how you can streamline your CIS registration journey with us: Provides Collective Investment Scheme return Services in India End-to-end Assistance in Filing and Registration of CIS Company Ensures 10X Speedy Filing of Registration Application Client Database Includes Leading Wealthpreneurs Ensures Pooling of Diversified Portfolios Secures Investor’s Interest Provides Access to Professional Investment Management Makes Appeal for Rejection of any Registration Application Annual Compliance Checklist for Collective Investment Schemes Company Registration Ensure Hassle-free Processing of Documents for CIS Company Registration Frequently Asked Questions Have a look at the answers to the most asked questions: What is the collective investment scheme? A collective investment scheme is a scheme or an arrangement of a company which ensures pooling and utilizing the contributions and payments made by the investors. Understanding all about collective investment schemes is crucial. What is a registered collective investment scheme? A registered collective investment scheme incorporates the CIS companies registered under the provisions of the Companies Act of 1956 or 2013 along with the SEBI (Collective Investment Schemes) Regulations of 1999. How to start a collective investment scheme? Starting a collective investment scheme requires every applicant to comply with the eligibility, documents and other legal requirements mandatorily required for the purpose. What are the collective investment scheme types? Some of the common collective investment schemes types includes venture capital funds, real estate investment trusts, infrastructure investment trusts, alternative investment funds, mutual funds and other collective investment schemes. What is the minimum corpus for the collective investment scheme? According to section 11 AA of the SEBI (Collective Investment Scheme) Regulations of 1999, the minimum corpus amount for the collective investment scheme in India is deemed to be Rs. 100 crores or more. Who are the participants in collective investment scheme SEBI? Some of the participants in the collective investment scheme SEBI are sponsors, shareholders or unit holders, trustees, the fund manager, investors, the registrar and transfer agent, the asset management company, or the custodian. How to register a Collective Investment Scheme? Filing an application and paying the application fees, along with the confirmation form from the Board, are some of the crucial steps required to register a collective investment scheme in India. What is the role played by a trustee? A trustee plays a crucial role in handling the scheme which comprises a portfolio of different forms of securities of the individuals. Hence, a trustee is appointed to act on behalf of the beneficiaries to effectively handle the securities with diligence and integrity under this scheme. What is the minimum capital required for this scheme? The applicants must continuously possess a minimum net worth of Rs. 50 crores or more at the time of filing the application. However, the net worth should be at least Rs. 100 crores until it makes a profit for five consecutive years. Can a pension fund be considered as a CIS? No, a pension fund cannot be considered as a CIS. There is no evidence pertaining to the same that demonstrate pension fund as a CIS. What is the difference between a collective investment scheme and AIF? The alternative investment funds are a category of investment vehicle regulated by the SEBI under the mutual funds or collective investment scheme. Whereas, collective investment scheme is a broader term used for any investment scheme pooling funds from multiple investors in various assets. What is the Capital Growth Unit Scheme 1992? The capital growth unit scheme 1992 is dedicated at seeking capital appreciation through investment in a diversified portfolio. What are the conditions required for each CIS? Each CIS requires compliance with the minimum subscription amount of Rs. 20 crores, a minimum of 20 investors, and at least 25% asset holding under the scheme's management immediately after the closure of the subscription list.
Let us help you experience the easy and budget-friendly Collective Investment Scheme Registration.
According to section 11AA (2) of the SEBI Act of 1992, a collective investment scheme in India is an arrangement in which a company pools and utilizes the contributions made by different investors. It is a particular investment scheme in which different individuals invest in a specific asset.
The main objective of this form of collective investment scheme in India is to get some form of income or profit from this investment. Enterslice offers a cost-effective process for the successful registration of a collective investment scheme in India.
Accessibility & Affordability
Long-Term Growth
Income Generation through Dividend Payments
Reduce Transaction Cost by 30%
Flexible Investment Management
Ensures Periodic Reporting
The applicants applying for the registration of collective investment schemes enjoy several benefits which facilitate the pooling of money from one investor to another investor. Investments through this scheme ensure you handle your risk appetite and stabilize your financial situation.
However, some of the key benefits of securing registration under the collective investment scheme SEBI regulated by the Securities and Exchange Board of India are as discussed below:
An investor considering investing in a CIS would have a wide range of portfolios to consider. Hence, an investor can choose a suitable portfolio to invest in as per his requirements.
Through collective investment scheme SEBI, profits can be maximized. Having different forms of investments in various collective investment schemes would maximize the profits.
One of the main aims of investing in such a scheme is the diversification of the portfolio. Through diversification, one can achieve good returns and reduce the risk avenues in the investment.
Collective investment schemes are highly liquid and marketable. Hence considering investing in such a scheme would maximise the income of the investor.
These schemes ensure transparent reporting/ disclosure of financial information, performance, and holdings to protect the interests of investors.
The CIS enjoys regulatory oversight imposed by several rules and regulations established to facilitate transparency and promote investor’s interest, and fair practices.
The applicants intending to apply for the CIS fund registration process must initially set up a collective investment management company. Further, according to section 3 of the SEBI (Collective Investment Schemes) Regulations of 1999, an applicant is required to manage a CIS only with an effective certificate of registration.
The applicants are initially required to file Form A to secure a registration certificate for their CIS company. Further, any applicant intending to start a scheme, which would be deemed a CIS, should also apply in ‘Form A’ as prescribed under section 11AA of the Act.
As per section 6 of the act, the applicant is required to pay a non-refundable application fee for registering as a collective investment management company as specified in the second schedule.
The application for registering under Collective Investment Schemes must confirm with the requirements of the board. If there are any forms of discrepancies with the application, then the application would be rejected.
If the application is rejected, then the applicant has to provide reasonable cause as to why the application should be accepted. This must be carried out within a period of 30 days from the date of rejection of the application.
Upon the fulfillment of all the necessary requirements and remittance of the application fee, the board grants a certificate for registration of the collective investment fund management company as prescribed under ‘Form B’.
Lastly, the CIS granted registration under section 10 of the act is mandatorily required to comply with the terms and conditions placed by the Securities and Exchange Board of India.
Some of the common types of collective investment schemes in India governed by SEBI fall under diverse categories of investment, as discussed below:
Mutual Funds are investment vehicles that pool money for investment into diversified portfolios of stocks, bonds, or other securities. Further, equity, debt, hybrid, index, and sectoral are some of the common funds managed on behalf of investors.
Real Estate Investment Trusts (REITs) are those investment vehicles that pool funds for making further investments into income-generating real estate assets (like commercial properties, shopping malls, and residential complexes) without directly owning the property.
Exchange-traded funds (ETFs) generally pool the financial resources of different people for the purchase of tradable monetary assets like shares, debt securities, etc.
Hedge Funds are those specialized alternative investment funds that ensure investment in non-traditional asset classes. Hence, these offer a broader range of investment strategies.
India, a hotspot for investment opportunities, invites you to join the race for registered collective investment schemes. Transform your visionary investment ideas into reality with our expert guidance and deep insights into the dynamic CIS realm.
A set of crucial documents must be submitted as a part of the mandatory requirements needed for securing a CIS registration in India:
Details of Directors
KYC Details โ Directors
MoA & AoA
Address Proof
Certificate of Company Registration
Annual Financial Statement
Having in-depth experience within the rapidly growing economy of India provides expert guidance to build and expand your investment portfolios. Also, we conduct a thorough analysis of the CIS market, which ensures informed decision-making.
We offer comprehensive services to establish and grow your investment empire with confidence and ease. We further assist you in dealing with the complexities of the Indian investment landscape to get seasoned with the best financial investment options.
10,000+ Experienced Professionals
In-Depth CIS Market Analysis
98% Client Retention Rate
Round-the-Clock Services
CIS registration in India is primarily regulated by the Securities and Exchange Board of India (SEBI). The regulatory framework or collective investment scheme regulations governing the various aspects of CIS registration, including eligibility, compliance, disclosure, and ongoing monitoring, crucially ensure investors’ protection, transparency, and management of the diversified investment vehicle.
Compliance with the regulatory framework, which provides for the fit and proper criteria for CIS registration, is mandatory. Here’s an overview of the regulatory framework:
This regulation lays an effective framework ensuring smooth registration, operation, and governance of CIS in India.
This regulation is drafted to secure the registration, disclosure, and compliance with MFs before they collect funds from investors.
This regulation ensures the registration, disclosure, and governance of REITs for the issue of units to investors.
This regulation ensures the registration of diversified AIFs based on the investment strategies opted for.
Some restrictions are imposed on certain business activities of a CIS company under the Collective Investment Scheme. This form of company is restricted from taking part in any other activity other than managing the scheme. Further, they are restricted from acting as a trustee for any other collective investment scheme.
The CIS company cannot launch any form of scheme for active investing. However, the company can carry out any form of investment under its own scheme only if it either makes a disclosure of its intention to invest in the offer document of the CIS or if does not charge any fees for its investment in CIS.
The eligibility criteria as provided below must be secured by the applicants applying for the collective investment scheme registration in India:
Checklist for Registration Under CIS:
Checklist for Participants:
The post-registration compliance checklist for the collective investment scheme is crucial to secure the smooth operations of the collective investment scheme management company.
Get a glimpse of the difference between mutual fund and collective investment scheme for a better understanding of the concept of collective investment scheme Vs Mutual Fund-
The procedure for collective investment scheme registration in India is a bit complex and time-consuming. Partner with Enterslice to enjoy reliable services and secure your registration under the CIS. Here’s how you can streamline your CIS registration journey with us:
Have a look at the answers to the most asked questions:
A collective investment scheme is a scheme or an arrangement of a company which ensures pooling and utilizing the contributions and payments made by the investors. Understanding all about collective investment schemes is crucial.
A registered collective investment scheme incorporates the CIS companies registered under the provisions of the Companies Act of 1956 or 2013 along with the SEBI (Collective Investment Schemes) Regulations of 1999.
Starting a collective investment scheme requires every applicant to comply with the eligibility, documents and other legal requirements mandatorily required for the purpose.
Some of the common collective investment schemes types includes venture capital funds, real estate investment trusts, infrastructure investment trusts, alternative investment funds, mutual funds and other collective investment schemes.
According to section 11 AA of the SEBI (Collective Investment Scheme) Regulations of 1999, the minimum corpus amount for the collective investment scheme in India is deemed to be Rs. 100 crores or more.
Some of the participants in the collective investment scheme SEBI are sponsors, shareholders or unit holders, trustees, the fund manager, investors, the registrar and transfer agent, the asset management company, or the custodian.
Filing an application and paying the application fees, along with the confirmation form from the Board, are some of the crucial steps required to register a collective investment scheme in India.
A trustee plays a crucial role in handling the scheme which comprises a portfolio of different forms of securities of the individuals. Hence, a trustee is appointed to act on behalf of the beneficiaries to effectively handle the securities with diligence and integrity under this scheme.
The applicants must continuously possess a minimum net worth of Rs. 50 crores or more at the time of filing the application. However, the net worth should be at least Rs. 100 crores until it makes a profit for five consecutive years.
No, a pension fund cannot be considered as a CIS. There is no evidence pertaining to the same that demonstrate pension fund as a CIS.
The alternative investment funds are a category of investment vehicle regulated by the SEBI under the mutual funds or collective investment scheme. Whereas, collective investment scheme is a broader term used for any investment scheme pooling funds from multiple investors in various assets.
The capital growth unit scheme 1992 is dedicated at seeking capital appreciation through investment in a diversified portfolio.
Each CIS requires compliance with the minimum subscription amount of Rs. 20 crores, a minimum of 20 investors, and at least 25% asset holding under the scheme's management immediately after the closure of the subscription list.
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โEnterslice guided us through CIS registration with confidence and clarity. Their regulatory expertise plus strong documentation support made our fund-launch journey smooth. Trustworthy, efficient, and genuinely client-led service!โ
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โChoosing Enterslice for CIS registration was a smart decision. They handled complex SEBI requirements, filings and compliance transparently. Their consultative approach and timely updates kept us on track - highly recommended!โ
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