Investment Management Department (IMD)

Note: SEBI follows the transparent procedure for processing various applications received from intermediaries. By and large, reply is sent to the applicant within a period of 30 days. Once the requirements are complied with, as advised in our letter, the desired service, such as, grant of registration, cancelation of registration etc. is completed. The applicants may please note that in case they provide incomplete / vague information or supporting documents, wherever required, are not enclosed, this may lead to further correspondence and delay in processing of their applications. In case the application has remained unattended or there is an inordinate delay, the applicant should not hesitate in writing to the respective Division Chief or the Executive Director, whose contact details are mentioned in the website.

- Division of Collective Investment Schemes

Activities Timelines

Fresh registration

21 Days.

Renewal of registration/ cancellation.

21 Days.

Observations on the offer documents.

21 days

- Division of Foreign Portfolio Investors and Custodians

Activities Timelines

Fresh registration - Sub-Accounts

3 days

Fresh registration - FIIs

7 days

Renewal of registration - FIIs

5 days

Renewal of registration - Sub-Accounts

3 days

FIPB Proposals

3-5 working days

Government Correspondence

4 working days

- Division of Funds 1(Portfolio Managers, Venture Capital, Corporate Bonds, etc.) 2 (Mutual Funds: Policy and Inspections) and 3 (Mutual Funds: Registration of Mutual Fund, Operations and Investor complaints)

Activities Timelines

Approval for Trustees of Mutual Funds

7days

Applications for foreign securities / ADRs/GDRs

7 days

Fresh registration

21 days

Change in controlling interest / conversion from close ended to open ended schemes 

21 days

Observations on the offer documents.

21 Days.