Articles
How to Get Mutual Fund registration in India with SEBI
by Corpseed Ites Provide Legal Service to BusinessMUTUAL FUND
Mutual Fund is an investment arrangement composed of
swimming pool cash gathered from several financiers to invest in Safety for far
better output by Expert market players. The mutual fund run by Expert Market
Gamer, Who acts on behalf of the financier.
Mutual Fund gives little or specific investor
opportunity to purchase expertly handled portfolios of equity, Debt, bonds, and
other Safety and securities. Investment
advisor registration itself with itself register with SEBI.
Properties Administration Company-
Possessions Administration Company takes care of the
financial investment on behalf of Person.
Eligibility Requirements
·
The Applicant has been continuing business in
economic solutions for not less than five years.
·
The Candidate having net worth is positive in
all the quickly preceding five years.
·
The Applicant having total assets in the quickly
preceding year is greater than the enroller's resources payment in the
possession administration business.
·
The Candidate is having profits after attending
to depreciation, passion, and tax in three out of the promptly coming before
five years, consisting of the fifth year.
·
The Applicant is a fit and also a proper person.
·
The Applicant has contributed or contributes a
minimum of 40% to the asset administration business's net worth.
·
The Candidate or any one of its directors or the
primary policeman has not been found guilty of fraud or convicted of a
violation involving ethical turpitude.
·
The appointment of the trustee to serve as a
trustee for mutual fund
·
The appointment of Possessions Management
Business for manage of mutual fund
·
The visit of a custodian to keep the protection
of the securities or gold as well as gold- a related instrument or various
other assets of the mutual fund
·
Treatment of Enrollment of Mutual Fund
Application for Registration
Application for enrollment of a mutual fund shall be
made to the Safety and security exchange board of India in form No A by
Candidate.
|
Average assets under management as on 31st march |
Fee(
In Rs) |
|
AAUM
up to 10,000cr |
0.0015
percent of the AAUM |
|
Part
Of AAUM above 10,000cr |
0.0010
percent of the portion of AAUM in Excess of 10,000cr |
Eligibility Criteria
·
The Candidate has to meet the standards.
Consideration of
Application
The Security Exchange Board of India, May, on the
invoice of papers decides the application.
Certification of
Enrollment
After confirmation, the Safety and Security Exchange
Board of India may confirm all the details give of enrollment in form B.
Payment of
Yearly Service Fee.
A mutual fund shall pay before the 15th April yearly a
service fee as defined in the Second Schedule for every fiscal year from the
year complying with registration.
Document Required For Mutual Fund Registration
- Details of the Applicants
- Details of Compliance Officer
- Proof of Registered Office
- Details of Incorporation
- Certificate of Registration
- Memorandum of Association
- Details of Capital Structure
- Details of Financial
Information Including Balance Sheet and Profit and Loss Account for five
years.
- Details of Management
- Details of the Bankers of the
Applicant
- Details of Court Cases in
which the applicant may have been involved in the last three years (if
Applicable)
- Details of the Auditors of the
applicant
- Draft Trust Deed
- Draft Investment Management
Agreement
- Draft custodian Agreement
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About Corpseed Ites 
Provide Legal Service to Business
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Created on Nov 10th 2020 03:36. Viewed 179 times.
