No entity or person shall act as an Alternative Investment Fund (“AIF”) unless it has obtained a certificate of registration from the Board (Securities and Exchange Board of India). The following information / documents are required to register an AIF with SEBI
GENERAL INFORMATION | |
S No. | Particulars |
1. | Details of the Applicant
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2. | Details of the Contact person
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3. | Legal Structure of Applicant [Company / Trust / LLP / Body Corporate] |
4. | Date and Place of incorporation / establishment |
5. | Category under which application is made
In case the applicant proposes to register as a Category-III AIF, Whether the fund shall be open ended or close ended. |
6. | Whether the applicant or its associates or its sponsor or its manager is/are registered with Board, RBI or any other regulatory authority in any capacity along with the details of its registration.
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7. | Details of infrastructure for conducting activities as an AIF |
8. | Copy of draft placement memorandum |
DETAILS OF THE APPLICANT | |||
Company | Trust | Limited Liability Partnership | Body Corporate |
Write up the activities of the applicant | Write up the activities of the applicant | Write up the activities of the applicant | Write up on the activities of the applicant |
Shareholding pattern and profile of the directors
(Enclose Identity proof and address proof of the directors) | Whether the trust deed is registered under the provisions of the Registration Act, 1908
(Enclose relevant extract of the Registered Trust Deed)
| Beneficial ownership pattern and profile of the partners
(Enclose Identity proof and address proof of the partners) | Shareholding pattern and profile of the directors
(Enclose Identity proof and address proof of the directors) |
Whether the MOA and AOA permits carrying on of the activity of AIF
(Enclose relevant extract of the MOA) | Whether the trust deed permits the carrying on of the activity of the AIF
(Enclose relevant extracts of the Trust Deed) | Whether the Partnership deed permits carrying on of the activity of the AIF
(Enclose relevant extracts of the Partnership Deed) | Whether the applicant is permitted carrying on of the activity of an AIF
(Enclose relevant extracts of the relevant Statute / Act) |
Whether the applicant is prohibited by its MOA and AOA from making an invitation to the public to subscribe to its securities | Whether the applicant is prohibited by its trust deed from making an invitation to the public to subscribe to its units | Whether the applicant is prohibited by its partnership deed from making an invitation to the public to subscribe to its securities. | Whether the applicant is prohibited by its memorandum and articles of association from making an invitation to the public to subscribe to its securities |
Provide details of the trustee / trustee company as below:
| Whether the Partnership Deed is duly filed under the provisions of the Limited Liability Partnership Act, 2008 | Whether the applicant is set up or established under the laws of the central or state legislature | |
DETAILS OF THE SPONSOR | ||
S. No | Details of the Sponsor | Details of the Manager |
1. | Details of Sponsor
| Details of Manager
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2. | Details of Contact Person
| Details of the Contact Person
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3. | Legal status of the Sponsor
Date and place of incorporation / establishment
(whether sponsor(s) is / are individual / company / limited liability partnership / body corporate)
In case of sponsor being individual(s), provide a brief profile of the sponsor including professional qualification. In case Sponsor being other than an individual, write up on shareholding pattern/ partnership interests and profile of the directors/partners including their professional qualification. | Legal status of the manager
Individual / Company / LLP
Date and place of incorporation / establishment
In case of manager being a company or limited liability partnership, shareholding pattern/partnerships interests and profile of the directors/partners |
4. | Identity proof and address proof of the sponsor
In case of Individual – Sponsor In case Company is a Sponsor – Directors of the Sponsor In case LLP is a Sponsor – Partners of the Sponsor | Identity proof and address proof of the Manager
In case of Individual – Manager In case Company is a Manager – Directors of the Manager In case LLP is a Manager – Partners of the Manager |
5. | Whether the sponsor or its director(s) / partner(s) is / are registered with the Board | Brief profile of Key investment team including experience and professional qualification |
6. | Details of past experience of the sponsor(s) in advising or managing pools of capital or in fund or asset or wealth or portfolio management or in the business of buying, selling and dealing of securities or other financial assets.
| Write up on the activities of the manager including the past experience in advising or advising pools of capital or in fund or asset or wealth or portfolio management or in the business of buying, selling & dealing of securities or other financial assets |
7. | Copies of the financial statements for the previous financial year | Copies of the financial statements for the previous financial year |
8. | Whether, the sponsor has floated any AIF/VCF previously, which are registered with the Board. If yes details of the same | Whether, the manager has managed/advised any AIF/VCF previously, which are registered with the Board. If yes, details of the same |
DETAILS OF BUSINESS PLAN AND INVESTMENT STRATEGY | |
S. No | Particulars |
1. | Investment objective and investment style/strategy of the fund |
2. | The target investors |
3. | The target industries/sectors, if any |
4. | Proposed Corpus |
5. | Proposed fees to the sponsor and manager |
6. | Tenure of the fund or scheme |
7. | Details of proposed use of leverage in case of Category-III AIF
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DETAILS OF REGULATORY ACTION TAKEN IN THE PAST, IF ANY | |
S. No | Particulars |
1. | Whether the applicant or sponsor or its directors / partners or manager or its Directors / partners or trustees / trustee Company or its directors are / were involved in any litigation connected with the securities market and any order has / had been passed against them for violation of securities laws.
(If yes, provide details. If no, enclose a declaration to that effect)
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2. | Whether the applicant / sponsor / trustee / manager or its directors or partners or employees are/have been involved in any litigation connected with the securities market which may have an adverse bearing on the business of the applicant or any order has/had been passed against them for violation of securities laws.
(If yes, provide details, if no, enclose a declaration to that effect).
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3. | Whether applicant / sponsor / trustee / manager or its directors or partners has / have been refused a certificate by the Board or its / their certificate has been suspended at any prior to this application.
(If yes, provide details. If no, enclose a declaration to that effect).
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OTHER INFORMATION / DECLARATION | |
S. No | Particulars |
1. | Amount contributed / proposed to be contributed by the sponsor(s) / manager(s) as per clause (d) of regulation 10 along with details of the same (provide copies of commitment letters from the sponsor(s)/manager(s))
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2. | Whether the applicant, sponsor and manager are fit and proper persons based on the criteria specified in the SEBI (Intermediaries) Regulations,2008;
(Enclose a declaration to that effect)
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3. | Declaration that the applicant shall comply with the provisions of regulation 10 with respect to investment in the AIF
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4. | Declaration that the applicant shall comply with the provisions of regulation 15 and 16 with respect to general investment conditions and conditions for the applicable category.
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AMOUNT TO BE PAID AS FEES | ||
S. No | Particulars | Amount |
1. | Application Fee | Rs. 1,00,000 |
2. | Registration fee for Category I AIF other than Angel Funds | Rs. 5,00,000 |
3. | Registration fee for Category II AIF other than Angel Funds | Rs. 10,00,000 |
4. | Registration fee for Category III AIF other than Angel Funds | Rs. 15,00,000 |
5. | Scheme Fee for AIF other than Angel Funds | Rs. 1,00,000 |
6. | Re-registration fee | Rs. 1,00,000 |
7. | Registration fee for Angel Funds | Rs. 2,00,000 |
