Key Steps in Collective Investment Scheme Registration Process
The Collective Investment Scheme (CIS) registration process involves several crucial steps to ensure compliance and safeguard investor interests. To be eligible, the applicant must be a company or trust with a clear investment strategy, ensuring it isn’t a private investment pool. Mandatory documents include a business plan, scheme details, financial statements, management background, and risk management protocols. The application is submitted to SEBI for review, which ensures compliance with regulations. CIS must adhere to strict compliance requirements, including investor record maintenance and regular reporting. SEBI also enforces investor safeguards through transparency, audits, and disclosures to protect their interests effectively.
