Collective Investment Schemes
Register a Collective Investment Scheme with SEBI — CIS Management Company setup, trustee appointment, scheme offer document and rating, handled to the certificate of registration.
Register your scheme with SEBI
Share your scheme structure and net worth position. We assess eligibility and prepare the CIS application.
Talk to a CS →A complete CIS registration package
Scheme Classification
A clear opinion on whether your arrangement is a collective investment scheme, an AIF or outside SEBI ambit at all.
CIMC Incorporation
Collective Investment Management Company incorporated with the required objects, capital and management structure.
Trustee Appointment
Trustee appointed and the trust deed executed so that scheme property is held separately from the manager.
SEBI Application
Application for registration filed with SEBI along with fees, agreements and supporting documents.
Offer Document
Scheme offer document, rating and appraisal arranged and filed as required under the CIS Regulations.
Ongoing Compliance
Half yearly reports, scheme property valuation, unit holder disclosures and audit obligations set up.
What is needed for CIS registration
CIS Management Company
Only a company registered under the Companies Act with the objects to organise and manage collective investment schemes can apply.
Minimum Net Worth
The CIMC must maintain the minimum net worth prescribed under the CIS Regulations throughout the period of registration.
Separate Trustee
A trustee independent of the CIMC must hold the scheme property in trust for unit holders under a registered trust deed.
Scheme Rating and Appraisal
Each scheme must be rated by a registered credit rating agency and appraised by an appraising agency before the offer.
Adequate Infrastructure
Office space, manpower and systems capable of managing the scheme and servicing unit holders must be in place.
Fit and Proper
Directors and key personnel of the CIMC must satisfy the fit and proper criteria and have no adverse regulatory history.
Running a collective investment scheme without registration is an offence. Unregistered schemes attract refund directions and penal action, so classification should be settled before any money is accepted from investors.
Common issues in CIS registration
Simple steps, no surprises
Classification opinion
Your arrangement tested against the definition of a collective investment scheme.
Structure created
CIMC incorporated, trustee appointed and trust deed executed.
SEBI application filed
Registration application submitted with fees and supporting documents.
Scheme launched
Certificate granted, offer document filed with rating and appraisal in place.
Other services you may need
Frequently asked questions
A collective investment scheme is an arrangement where contributions from investors are pooled and managed on their behalf with a view to receiving profits or income, where investors do not have day to day control over the management of the scheme.
Deposits accepted under company law, insurance and pension schemes, chit funds, cooperative society schemes, mutual funds and certain other arrangements specifically excluded under the SEBI Act are outside the CIS definition.
Only a Collective Investment Management Company — a company incorporated under the Companies Act with the object of organising and managing such schemes and meeting the prescribed net worth — can apply to SEBI.
SEBI can direct the promoters to wind up the scheme and refund investor money with returns, and can also initiate penal and prosecution proceedings against those responsible.
The manager must file periodic reports with SEBI, maintain and value scheme property, get accounts audited, publish prescribed disclosures and service unit holders in the manner set out in the CIS Regulations.
Ready to register your Collective Investment Scheme?
We classify the arrangement, build the CIMC and trustee structure and take the SEBI application to registration.