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SEBI introduces online registration mechanism for mutual funds

Published: Jun 02, 2017

By TIOLCORP News Service

NEW DELHI, JUNE 02, 2017: IN order to protect the interests of investors in securities and to promote the development of securities market, the Securities and Exchange Board of India (SEBI) has announced that the process of registration of financial market intermediaries will be made fully online.

SEBI has operationalized the SEBI Intermediary Portal ( https://siportal.sebi.gov.in ) from June 1, 2017, for the entities to submit the mutual funds registration applications online. For registration of mutual funds, the SEBI Intermediary Portal shall include online application for registration, processing of application, grant of in - principle approval, grant of final registration etc. Link for SEBI Intermediary Portal is also available on SEBI website.

Starting June 01, 2017 all applications for registration of Mutual Fund shall be made through SEBI Intermediary 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.

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