Mutual Funds can now register online with Sebi portal

By: |
New Delhi | June 01, 2017 6:43 PM

The move would help in making it easier for the existing and new fund houses to complete their registration with Sebi much faster and in a cost-effective way.

sebi new regulations, improve business, markets regulator, online registration for mutual funds, fund houses, SebiThe move would help in making it easier for the existing and new fund houses to complete their registration with Sebi much faster and in a cost-effective way. (PTI)

To improve ease of doing business, markets regulator today launched an online registration mechanism for mutual funds. The move would help in making it easier for the existing and new fund houses to complete their registration with Sebi much faster and in a cost-effective way. In a circular, the regulator said it has decided to operationalise ‘Sebi Intermediary Portal’ for the entities to submit the mutual funds registration applications online. The portal has been made operational from today.

Also Watch:

All the applications for registration of mutual fund would be made through this portal only. “The applicants will be separately required to submit relevant documents viz declarations/ undertakings required as a part of application form prescribed in relevant regulations, in physical form only for records, without impacting the online processing of applications for registration,” it said. Earlier Finance Minister Arun Jaitley in his budget speech for 2017-18 announced that the process of registration of financial market intermediaries will be made fully online by Sebi.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Reliance Retail aims three-fold growth in 3-5 years
2All PSBs, REC to buy stakes in bad bank; Indian Banks’ Association files application for incorporation of NARCL
3Massive green push: Reliance Industries to invest Rs 75,000 crore in 3 years