The processing fee is RS. 25,000 which included the first fund and Rs. 5,000 for each additional fund. The annual fee is Rs. 75,000 which includes the first fund and Rs. 10,000 for each additional fund. The legal documents required for the various structures of the CIS include:

If CIS is an Individual

If the CIS is structure as a Company

If the CIS is structured as a Trust

If  CIS is structured as a Limited Partnership

If CIS is structured as a Foundation

If CIS forms part of a Master feeder

If CIS is a Multi-class Share Structure

CV details

Copy of constitution dated signed accompanied by a legal certificate and certified copy of Certificate of Incorporation

Certified copy of the Trust Deed. Name of the Trust, its date and place of registration

Certified copy of the Limited Partnership Agreement

Certified copy of the Charter

Full Customer Due Diligence on the Master/Feeder fund.

An indication of the number of sub-funds/share classes to be set up initially

Valid passport copy

Certified copied of statutory documents lodged with the registrar of companies with respect to the incorporation of the CIS

Details of the trustees to include submission of full Customer Due Diligence (CDD) on settlor/contributor trustee and beneficiaries or confirmation from the management company.

Details of the General partner to include full Customer Due Diligence

Details of Council Members

Offer document of the feeder fund disclosing to investors that their investment will be routed through a Master fund

Details on the first sub-funds/share-class to be created

Proof of address e.g. a recent utility bill

List of controlling shareholders and directors

Details of the settlor including submission of full Customer Due Diligence

Latest audited financial statements of the Limited Partnership and it’s General Partner

Details of the founder accompanied by Customer Due Diligence

An indication of the percentage corpus of the feeder fund that will be invested in the Master Fund

Confirmation that no sub-fund/share-class will be created unless prior approval of the Commission is secured.

Recent Bank reference

Latest audited financial statements or Corporate Profile

Corporate profile if latest audited accounts are not available.