A Collective Investment Scheme is a pooling vehicle where investors' money is used for a common purpose and managed by a professional company.

CIMC stands for Collective Investment Management Company, which is the SEBI-registered entity that manages the scheme.

What is the minimum networth for a CIMC?

The minimum networth required for a CIMC is ₹50 Crores.

When is a scheme considered a CIS?

Any pooling of funds involving ₹100 Crores or more is automatically deemed a CIS under the SEBI Act.

A SEBI-registered Trustee must be appointed to monitor the activities of the CIMC and protect investor interests.

Can a CIS invest in real estate?

Yes, CIS can be designed for various asset classes, provided they follow the investment restrictions in the regulations.

What is the validity of CIS registration?

The registration is permanent, subject to the payment of renewal fees every 3 years.

Is CIS similar to a Mutual Fund?

While both pool funds, Mutual Funds have a specific regulatory framework for securities, while CIS covers a broader range of pooling activities.

Service

SEBI CIS Registration

Legal consultancy for SEBI CIS registration. We help with CIMC incorporation, scheme drafting, and regulatory compliance for pooling vehicles.

Understanding Collective Investment Schemes

Legal consultancy for SEBI CIS registration. We help with CIMC incorporation, scheme drafting, and regulatory compliance for pooling vehicles.

Obtain SEBI registration as a Collective Investment Management Company (CIMC) to legally operate pooling schemes in India.

The legal way to pool public capital. Register as a CIMC with SEBI to launch and manage collective investment schemes professionally.

A Collective Investment Scheme (CIS) is any scheme or arrangement made or offered by any company under which the contributions, or payments made by the investors, are pooled and utilized for the purpose of the scheme or arrangement. The profits or income are distributed among the investors.

The CIS framework is designed to prevent unauthorized pooling of funds from the public. Any scheme pooling more than ₹100 Crores is deemed to be a CIS and must be registered with SEBI under the (Collective Investment Schemes) Regulations, 1999.

QuickTaxperts provides end-to-end legal support for companies looking to register as CIMCs, including scheme design, document drafting, and SEBI application management.

Category: Financial Services
Investors do not have day-to-day control over the management of the scheme.
The property is managed on behalf of the investors by a CIMC.
Mandatory appointment of a SEBI-registered Trustee to oversee the scheme.
Strict norms for investment, valuation, and distribution of returns.
Mandatory for pooling schemes involving more than ₹100 Crores
Registration as a Collective Investment Management Company (CIMC) required
Registration under SEBI (CIS) Regulations, 1999
Ensures high investor protection and transparency

CIMC Eligibility Criteria

Who can manage a Collective Investment Scheme?

Networth: A minimum networth of ₹50 Crores is required for a CIMC.
Legal Form: Must be a company incorporated under the Companies Act.
Track Record: The sponsor must have a sound track record and experience in relevant fields.
Fit & Proper: Directors and key personnel must meet SEBI's 'Fit and Proper' criteria.

Documents required

Document requirements vary by entity type, state, premises, and authority. These are the usual groups we verify before submission.

CIS Application Documents: Certificate of Incorporation and MOA/AOA.; Audited Financial Statements of the Sponsor for 5 years.; Detailed Business Plan and Investment Strategy.; Draft Trust Deed and Investment Management Agreement.; Draft Offer Document for the proposed scheme.; KYC and experience profiles of the board and management.; Networth Certificate from a Statutory Auditor.

Process and timeline

CIMC Incorporation: Setting up a company with the required ₹50 Cr capital and professional board.
Trustee Appointment: Appointing a SEBI-registered Trustee to hold the scheme's assets.
SEBI Application: Filing Form A on the SIRE portal for CIMC registration.
Scheme Approval: Submitting the draft offer document of the first scheme for SEBI's review.
Registration Grant: Obtaining the final SEBI Certificate of Registration to launch the scheme.

Expert review

SEBI CIS Registration content is reviewed by QuickTaxperts Corporate Legal Team, Capital Market Compliance Experts.

Checklist-led review
Document pre-verification
Authority-specific next steps

Frequently asked questions

These quick answers cover common planning questions before you request a checklist or quote.

What is a CIS?: A Collective Investment Scheme is a pooling vehicle where investors' money is used for a common purpose and managed by a professional company.
What is a CIMC?: CIMC stands for Collective Investment Management Company, which is the SEBI-registered entity that manages the scheme.
What is the minimum networth for a CIMC?: The minimum networth required for a CIMC is ₹50 Crores.
When is a scheme considered a CIS?: Any pooling of funds involving ₹100 Crores or more is automatically deemed a CIS under the SEBI Act.
Who oversees a CIS?: A SEBI-registered Trustee must be appointed to monitor the activities of the CIMC and protect investor interests.
Can a CIS invest in real estate?: Yes, CIS can be designed for various asset classes, provided they follow the investment restrictions in the regulations.
What is the validity of CIS registration?: The registration is permanent, subject to the payment of renewal fees every 3 years.
Is CIS similar to a Mutual Fund?: While both pool funds, Mutual Funds have a specific regulatory framework for securities, while CIS covers a broader range of pooling activities.