FME Regulatory Intelligence, Learning & Practice · IFSCA (Fund Management) Regulations, 2025
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Compliance tool

Inspection readiness

Records the Regulations expect you to produce. Tick what you hold, then print or export.

A preparation aid, not an official IFSCA checklist. Saved in this browser only.

Preparing a SEBI-registered AIF instead? Use the SEBI AIF checklist

189Records expected
0Marked held
189Outstanding
Reg 2Definitions0/1
Open Regulation 2
Reg 3Obligation to seek registration0/2
Open Regulation 3
Reg 4Eligibility Conditions0/1
Open Regulation 4
Reg 5Legal form of the applicant0/3
Open Regulation 5
Reg 6Track Record and Reputation of Fairness0/3
Open Regulation 6
Reg 7Appointment of Principal Officers and other Key managerial personnel(s) (KMP)0/2
Open Regulation 7
Reg 8Net worth requirements0/2
Open Regulation 8
Reg 9Fit and proper requirements0/2
Open Regulation 9
Reg 10Infrastructure Requirements0/2
Open Regulation 10
Reg 11Furnishing of Information0/2
Open Regulation 11
Reg 12Consideration of application and Grant of Certificate of Registration0/1
Open Regulation 12
Reg 13Terms and conditions of registration0/2
Open Regulation 13
Reg 14Rejection of application0/1
Open Regulation 14
Reg 16Surrender of registration0/1
Open Regulation 16
Reg 17Constitution of the Fund / Scheme0/2
Open Regulation 17
Reg 18Venture Capital Schemes0/1
Open Regulation 18
Reg 19Filing of Placement Memorandum0/2
Open Regulation 19
Reg 20Eligible Investors0/2
Open Regulation 20
Reg 21Nature and structure of Scheme0/2
Open Regulation 21
Reg 22Permissible investments0/2
Open Regulation 22
Reg 23Restrictions on Investment and Corpus of the Scheme0/3
Open Regulation 23
Reg 24Disclosures to investors0/2
Open Regulation 24
Reg 25Borrowing0/1
Open Regulation 25
Reg 26Valuation0/2
Open Regulation 26
Reg 27Computation of NAV0/1
Open Regulation 27
Reg 28Contribution by the FME in the scheme0/2
Open Regulation 28
Reg 29Co-investment and Leverage0/2
Open Regulation 29
Reg 30Restricted Schemes (Non-Retail Schemes)0/1
Open Regulation 30
Reg 31Eligible FMEs and Filing of Placement Memorandum0/2
Open Regulation 31
Reg 32Eligible Investors0/1
Open Regulation 32
Reg 33Nature and Structure of Scheme0/2
Open Regulation 33
Reg 34Permissible investments0/2
Open Regulation 34
Reg 35Restrictions on Investment and Corpus of the Scheme0/2
Open Regulation 35
Reg 36Disclosures to investors0/3
Open Regulation 36
Reg 37Borrowing0/2
Open Regulation 37
Reg 38Valuation0/2
Open Regulation 38
Reg 39Computation of NAV0/1
Open Regulation 39
Reg 40Contribution by the FME in the scheme0/2
Open Regulation 40
Reg 41Co-investment and Leverage0/1
Open Regulation 41
Reg 42Retail Schemes0/1
Open Regulation 42
Reg 43Eligible FMEs and Filing of Offer Document0/3
Open Regulation 43
Reg 44Minimum number of Investors0/1
Open Regulation 44
Reg 45Nature and Structure of Scheme0/2
Open Regulation 45
Reg 46Permissible investments0/2
Open Regulation 46
Reg 47Restrictions on Investment and AUM of the Scheme0/1
Open Regulation 47
Reg 48Disclosures to Investors0/2
Open Regulation 48
Reg 49Borrowing0/1
Open Regulation 49
Reg 50Valuation0/2
Open Regulation 50
Reg 51Computation of NAV0/1
Open Regulation 51
Reg 52Contribution by the FME in the scheme0/2
Open Regulation 52
Reg 54Definitions0/1
Open Regulation 54
Reg 55Eligible FMEs and Filing of Placement Memorandum0/1
Open Regulation 55
Reg 56Nature and Structure of Scheme0/1
Open Regulation 56
Reg 57Permissible Investments0/1
Open Regulation 57
Reg 59Borrowing0/1
Open Regulation 59
Reg 61Exchange Traded Funds0/2
Open Regulation 61
Reg 62Equity Index based ETF0/2
Open Regulation 62
Reg 63Debt Index based ETF0/2
Open Regulation 63
Reg 64Commodity based ETFs0/2
Open Regulation 64
Reg 65Gold ETF0/4
Open Regulation 65
Reg 66Silver ETF0/4
Open Regulation 66
Reg 67Actively Managed ETFs0/2
Open Regulation 67
Reg 68Market Makers0/1
Open Regulation 68
Reg 69Computation of NAV0/2
Open Regulation 69
Reg 70Redemption of ETFs to Investors0/1
Open Regulation 70
Reg 71Disclosures to investors0/1
Open Regulation 71
Reg 720/2
Open Regulation 72
Reg 73Eligible FME and Clients0/1
Open Regulation 73
Reg 74Disclosures0/2
Open Regulation 74
Reg 75Portfolio Management Agreement.0/1
Open Regulation 75
Reg 76Report to the Client0/1
Open Regulation 76
Reg 77Dealing with Client Funds0/2
Open Regulation 77
Reg 78Investment Restrictions0/2
Open Regulation 78
Reg 79General Obligations0/2
Open Regulation 79
Reg 80Advisory Services0/2
Open Regulation 80
Reg 82Investment Trust in IFSCs0/1
Open Regulation 82
Reg 84Registration0/1
Open Regulation 84
Reg 85Trust0/1
Open Regulation 85
Reg 86Sponsor0/2
Open Regulation 86
Reg 88Trustee0/1
Open Regulation 88
Reg 89Adherence to the Fit and Proper criteria and other responsibilities0/2
Open Regulation 89
Reg 91Offer of units of Investment Trust0/2
Open Regulation 91
Reg 92Private Placement with listing0/2
Open Regulation 92
Reg 93Private Placement without listing0/2
Open Regulation 93
Reg 94Public Issues0/1
Open Regulation 94
Reg 95Offer Document or Placement Memorandum0/1
Open Regulation 95
Reg 96Continuous obligations and Disclosure Requirements0/2
Open Regulation 96
Reg 97Investment Conditions0/2
Open Regulation 97
Reg 98Additional conditions in case of InvIT0/1
Open Regulation 98
Reg 99Additional conditions in case of REIT0/1
Open Regulation 99
Reg 100Distribution policy0/1
Open Regulation 100
Reg 101Borrowings and deferred payments0/2
Open Regulation 101
Reg 102Valuation of assets0/1
Open Regulation 102
Reg 104Eligibility Conditions0/2
Open Regulation 104
Reg 106Permissible investments0/1
Open Regulation 106
Reg 107Borrowing0/2
Open Regulation 107
Reg 118Code of Conduct0/1
Open Regulation 118
Reg 119Maintenance of books of account, records and other documents0/2
Open Regulation 119
Reg 120Information to the Authority0/1
Open Regulation 120
Reg 121Business Continuity Plan0/1
Open Regulation 121
Reg 122Cyber Security and Cyber Resilience0/1
Open Regulation 122
Reg 123Risk Management and Internal Controls0/1
Open Regulation 123
Reg 124Guaranteed returns0/1
Open Regulation 124
Reg 125Change in control0/2
Open Regulation 125
Reg 126Payment of Fees0/1
Open Regulation 126
Reg 127Advertisements0/1
Open Regulation 127
Reg 128Fees and Expenses of the Schemes.0/1
Open Regulation 128
Reg 129Appointment of Investment Committee0/1
Open Regulation 129
Reg 130Merger, demerger or restructuring of schemes0/1
Open Regulation 130
Reg 131Winding up of the Scheme0/1
Open Regulation 131
Reg 132Appointment of Custodian0/2
Open Regulation 132
Reg 134Scheme Annual Report0/2
Open Regulation 134
Reg 135Auditor’s report0/3
Open Regulation 135
Reg 136Other disclosures to the investors0/1
Open Regulation 136
Reg 137Restrictions on business activities of the FME0/1
Open Regulation 137
Reg 138Inspection0/1
Open Regulation 138
Reg 139Obligations of FME on inspection0/1
Open Regulation 139
Help preparing for inspection

A preparation aid built from the records each regulation expects. It is not an official IFSCA checklist and does not replace a review of your own facts.

Prashant Kumar

Meet the expert

CS Prashant Kumar

Company Secretary & Compliance Officer
Global Horizons Capital Advisors (IFSC) Private Limited — an IFSCA-licensed investment banker

13+ years of experienceFCS Fellow member, ICSIAuthor Audit Under Fire

Published in The Chartered Accountant (Jun 2025, Jan 2025, Mar 2024) and Chartered Secretary (Aug 2023)

Prashant Kumar is a seasoned Company Secretary and corporate governance strategist with more than 13 years of experience advising large corporates, promoter-led groups and global businesses on compliance, regulatory risk and board governance. In GIFT IFSC, the IFSCA regime is his day job rather than a research topic.