SEBI Services · Collective Investment Schemes

Collective Investment Schemes register your pooled investment vehicle as a SEBI-compliant Collective Investment Scheme.

A Collective Investment Scheme (CIS) is any scheme that pools investor funds for investing in projects or assets with the purpose of generating profits — and is required to be registered with SEBI under the SEBI (Collective Investment Schemes) Regulations, 1999 unless specifically exempted. Operating an unregistered CIS is one of SEBI's most actively prosecuted regulatory violations.

Reviewing the proposed scheme's structure, pooling mechanism, and profit-sharing arrangement to determine whether SEBI CIS registration is required. At Beyonte Compliances, we provide end-to-end registration and compliance support — guiding you through every stage of the SEBI regulatory process from application to authorisation and beyond.

What Our Service Covers

CIS Eligibility & Structure Assessment

Reviewing the proposed scheme's structure, pooling mechanism, and profit-sharing arrangement to determine whether SEBI CIS registration is required.

SEBI CIS Registration Application

Preparing and filing the CIS registration application with SEBI — including the scheme's investment objective, asset portfolio, and promoter background.

Offer Document Preparation

Drafting the CIS Offer Document in the SEBI-prescribed format — covering scheme details, risk factors, asset management details, and exit provisions.

Collective Investment Management Company (CIMC) Setup

Advising on the incorporation and structure of the Collective Investment Management Company that will manage the registered CIS.

Trustee Appointment

Advising on the appointment of a SEBI-registered CIS Trustee — eligibility, independence requirements, and trustee agreement drafting.

Net Worth & Capital Compliance

Advising on the minimum net worth of ₹5 crore required for the CIMC and the promoter contribution requirements under the CIS Regulations.

Investor Subscription Documentation

Preparing subscription agreements, allotment documents, and investor communication materials compliant with SEBI CIS disclosure requirements.

Post-Registration Compliance

Managing SEBI quarterly and annual filings, NAV dissemination, investor grievance redressal, and trustee reporting for the registered CIS.

Our Process

Eligibility & Structure Review

Assessing the applicant's eligibility, structure, and documentation readiness against SEBI regulatory requirements before initiating the application.

Document Preparation

Gathering and preparing all required entity, promoter, financial, and infrastructure documents for the registration application.

SEBI / Exchange Application Filing

Filing the complete registration or listing application with SEBI and the relevant exchange through the prescribed portal or process.

SEBI Query & Observation Response

Responding to SEBI observations and additional information requests — systematically and completely — to achieve timely registration or listing approval.

Registration / Listing & Compliance Setup

Receiving the registration certificate or listing approval and establishing the ongoing regulatory compliance framework for the authorised entity.

Why It Matters

✓SEBI registration is legally mandatory — operating without it attracts significant financial penalties and enforcement

✓Regulatory authorisation builds institutional credibility with investors, clients, and business partners

✓Structured application process reduces SEBI query rounds and minimises registration delays

✓Expert drafting of regulatory documents ensures compliance with SEBI's precise disclosure standards

✓Compliance framework setup from day one prevents inadvertent post-registration violations

✓SEBI query management experience accelerates the approval process through complex observation rounds

✓End-to-end support eliminates the need to manage multiple advisors across legal, finance, and regulatory domains

✓Ongoing compliance management protects the registration from lapse or SEBI-initiated cancellation

Frequently Asked Questions

Under Section 11AA of the SEBI Act, a CIS is any scheme in which investor contributions are pooled and managed collectively for generating profit — where investors do not have day-to-day control over the management — and the property is managed as a whole. Real estate pooling schemes, plantation schemes, and certain art/wine investment vehicles are common examples that have been classified as unregistered CIS by SEBI.

Both AIFs and CIS are pooled investment vehicles regulated by SEBI, but they operate under different regulations. AIFs are governed by the SEBI (AIF) Regulations, 2012 and target sophisticated investors with ₹1 crore minimum investment. CIS are governed by the SEBI (CIS) Regulations, 1999 and can target retail investors. The investment universe and regulatory framework differ significantly between the two.

Operating a pooled investment scheme without SEBI CIS registration — or in violation of an existing registration — is a criminal offence under the SEBI Act attracting penalties of up to ₹25 crore or three times the unlawful gains, whichever is higher. SEBI has aggressively pursued enforcement against unregistered CIS operators, including attachment of assets and referral to state police for criminal proceedings.

The CIMC managing a registered CIS must maintain a minimum net worth of ₹5 crore at all times. The promoters of the CIMC must contribute at least 5% of the corpus raised in each CIS — or ₹50 lakh, whichever is less — as a continuing interest to align their incentives with investors.

Ensure your pooled investment scheme is properly registered and SEBI-compliant.

Talk to our team about CIS registration, CIMC setup, and ongoing regulatory compliance.