IFSCA circular IFSCA/1/2023-Capital Markets · 06 Feb 2023
Official title
Scheme Application Form for Scheme or Fund for registered FMEs
Official record
Open source pageSummary
Check the official recordAll registered Fund Management Entities in International Financial Services Centres must submit applications for scheme or fund registration in the specified format. The applicant completes the application form and submits it with supporting documents to the International Financial Services Centres Authority in GIFT City, Gandhinagar. The application must comply with the International Financial Services Centres Authority (Fund Management) Regulations 2022. The International Financial Services Centres Authority considers the application when the submission is complete in all respects.
What you must do
Who is affected
[Image omitted. See the official document.]
CIRCULAR
No. IFSCA/1/2023-Capital Markets
February 6, 2023
To,
All Fund Management Entities (FMEs) in International Financial Services Centres (IFSCs)
Dear Sir/ Madam,
Subject: Specification of scheme application form for registration of scheme or fund of registered FMEs
This circular is issued in exercise of the powers conferred by sub-regulation (1) of regulation 146 of the IFSCA (Fund Management) Regulations, 2022.
In order to further streamline the process of registration of scheme or fund in IFSC, a form is being specified. Henceforth, all the registered FMEs seeking registration for their scheme or fund in IFSC shall be required to submit the application in the format stated in Annexure I.
A copy of this circular is available on the International Financial Services Centres Authority website at www.ifsca.gov.in.
sd/-
Mihir Upadhyay
Deputy General Manager
mihir.upadhyay@ifsca.gov.in
Annexure I
INTERNATIONAL FINANCIAL SERVICES CENTERS AUTHORITY
APPLICATION FORM FOR FUND/SCHEME
INSTRUCTIONS
This form is only meant for use by the registered Fund Management Entities for registration of their scheme or fund with IFSCA.
The applicant should complete this form, and submit it, along with all supporting documents to the IFSCA, GIFT City, Gandhinagar.
This application form should be filled in accordance with IFSCA (Fund Management) Regulations 2022.
The application shall be considered by the IFSCA provided it is complete in all respects.
All answers must be legible and all the pages must be numbered with signature/ stamp on each page of the form.
Information that needs to be supplied in more detail may be given on separate sheets which should be attached to the application form and appropriately numbered, labelled, and sequenced.
The application must be signed and all signatures must be original.
| S.No. | Particulars | Details |
|---|---|---|
| 1.1 | Details of the Manager(s) | |
| a) | Name | |
| b) | Address of the Registered Office | |
| c) | Principal place of business | |
| d) | Telephone number(s) | |
| f) | E-mail address | |
| 1.2 | Details of contact person(s) | |
| a) | Name | |
| b) | Direct line number | |
| c) | Mobile number | |
| d) | E-mail address | |
| 1.3 | Category under which the FME is registered – |
| S.No. | Particulars | Details |
|---|---|---|
| 2.1 | Details of the applicant | |
| a) | Name of applicant | |
| b) | Address of the office of the applicant in IFSC | |
| c) | Telephone number(s) | |
| d) | E-mail address | |
| 2.2 | Details of contact person(s) | |
| a) | Name of the contact person(s). | |
| b) | Direct line number | |
| c) | Mobile number | |
| d) | E-mail address | |
| 2.3 | Legal structure of applicant (Company or Trust or Limited Liability Partnership or a Body Corporate) | |
| 2.4 | Date and place of incorporation/ establishment | |
| 2.5 | Type of Scheme /Fund |
| S.No. | Particulars | Details |
|---|---|---|
| 3.1.1 | Write-up on the activities of the applicant | |
| 3.1.2 | Whether the Trust Deed is registered under the provisions of the Registration Act, 1908. (Enclose relevant extract of the Registered Trust Deed) | |
| 3.1.3 | Whether the Trust Deed permits the carrying on of the activity of a scheme or fund | |
| 3.1.4 | Whether the applicant is prohibited by its trust deed from making an invitation to the public to subscribe to its units | |
| 3.1.5 | Provide details of Trustees/ Trustee Company as below: | |
| a) | Whether Trustee is an individual or a Trustee company | |
| b) | Details of Trustee: | |
| Name | ||
| Registered office address | ||
| Telephone number(s) | ||
| c) | Details of contact person(s): | |
| Name | ||
| Direct line number | ||
| Mobile number | ||
| Email of the contact person(s). | ||
| d) | Identity and Address proofs of Trustees/ Directors of the Trustee Company | |
| e) | Whether the Trustee Company is registered with the IFSCA or any other regulatory authority in any capacity along with the details of its registration. | |
| f) | Brief write-up on the activities of the Trustee Company/ Profile of Trustees. |
| S.No. | Particulars | Details |
|---|---|---|
| 3.2.1 | Write-up on the activities of the applicant | |
| 3.2.2 | Shareholding pattern and profile of the directors (Enclose Identity proofs and Address proofs of the directors) | |
| 3.2.3 | Whether the Memorandum of Association permits carrying on of the activity of a scheme or fund (Enclose relevant extract of the Memorandum of Association) | |
| 3.2.4 | Whether the applicant is prohibited by its memorandum and Articles of Association from making an invitation to the public to subscribe to its securities |
| S.No. | Particulars | Details |
|---|---|---|
| 3.3.1 | Write-up on the activities of the applicant | |
| 3.3.2 | Beneficial ownership pattern and profile of the partners (Enclose Identity proofs and Address proofs of the partners) | |
| 3.3.3 | Whether the partnership deed is duly filed under the provisions of the Limited Liability Partnership Act, 2008 and permits carrying on of the activity of a scheme or fund (Enclose relevant extract of the Partnership Deed) | |
| 3.3.4 | Whether the applicant is prohibited by its Partnership Deed from making an invitation to the public to subscribe to its securities |
| S.No. | Particulars | Details |
|---|---|---|
| 3.4.1 | Write-up on the activities of the applicant | |
| 3.4.2 | Shareholding pattern and profile of the directors (Enclose Identity proof and address proof of the directors) | |
| 3.4.3 | Whether the applicant is set up or established under the laws of the Central or State Legislature | |
| 3.4.4 | Whether the applicant is permitted to carry on the activity of a scheme or fund (Enclose relevant extract of the relevant Statute/Act) | |
| 3.4.5 | Whether the applicant is prohibited by its memorandum and articles of association from making an invitation to the public to subscribe to its securities |
| S.No. | Particulars | Details |
|---|---|---|
| 4.1 | Contribution by: |
(Below section to be filled in case the contribution is being made by the associate of an FME)
| S.No. | Particulars | Details |
|---|---|---|
| 4.3 | Details of the Entity(s) | |
| a) | Name | |
| b) | Address of the Registered Office | |
| c) | Principal place of business | |
| d) | Telephone number(s) | |
| e) | E-mail address | |
| 4.4 | Details of contact person(s) | |
| a) | Name | |
| b) | Direct line number | |
| c) | Mobile number | |
| d) | E-mail address | |
| e) | Legal status of the Associate (Individual/Company/Limited Liability Partnership/Body Corporate) | |
| f) | Date and place of incorporation/ establishment | |
| g) | Write-up about Entity: | |
| Provide write up on shareholding pattern/ Partnership interests and profile of the directors/partners including their professional qualifications | ||
| h) | Identity proofs and address proofs of the Directors of Associate (if Associate is a company) Or Partners of the Associate (if Associate is a Limited Liability Partnership). | |
| i) | Details of past experience of the Associate 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. | |
| j) | Copies of the financial statements of the Associate for the previous financial year | |
| k) | Whether the Associate has floated any Alternative Investment Funds/ Venture Capital Funds which are registered with the IFSCA or any other regulatory authority. If yes, provide details of the same |
