Angel Fund Registration
Angel fund registration under Chapter III-A of the SEBI (Alternative Investment Funds) Regulations, 2012 — a sub-category of Category I AIF. Minimum corpus ₹10 Cr. Eligible investors: individuals with net tangible assets ≥ ₹2 Cr or corporates with net worth ≥ ₹10 Cr. Each investee: unlisted company, ≤ 3 years old, turnover ≤ ₹25 Cr.
More details are coming soon. Contact us to get started.
Angel Fund — Key Parameters
Classification
Sub-category of Category I AIF — Chapter III-A
Minimum corpus
₹10 crore
Registration fee
₹2,00,000 (SEBI)
Application fee
₹1,00,000 (SEBI)
Investor eligibility — Individual
Net tangible assets ≥ ₹2 Cr excluding principal residence
Investor eligibility — Corporate
Net worth ≥ ₹10 Cr
Minimum investment per investor
₹25 lakh (accepted up to 3 years)
Investment per investee company
₹25 lakh to ₹10 Cr
Investee company — age
Not more than 3 years old
Investee company — turnover
≤ ₹25 Cr
Investee company — group restriction
Not promoted by industrial group with turnover > ₹300 Cr
What We Do
- Entity structuring — angel funds are typically set up as trusts under the Indian Trusts Act, 1882
- Preparation and filing of Form A application with SEBI under Chapter III-A of the SEBI (AIF) Regulations, 2012
- Drafting of placement memorandum specific to angel fund requirements
- Verification of investor eligibility — net tangible assets / net worth certificates
- Coordination with SEBI and response to clarification queries
- Post-registration: investment documentation for each investee company
- SEBI quarterly reporting within 15 calendar days of quarter-end
- Annual audit coordination under Regulation 29
- Angel Tax (Section 56(2)(viib)) advisory for investee companies receiving angel fund investment
- DPIIT recognition and angel tax exemption under Section 80-IAC for investee startups
What Comes Next
Related Services
Regulatory
AIF & SEBI Compliance
Angel funds are a sub-category of Category I AIF. The broader AIF registration framework under the SEBI (AIF) Regulations, 2012 applies — entity structuring, Form A filing, PPM, and SEBI registration fee of ₹2 lakh.
Advisory
Startups & VC Advisory
Angel fund sponsors and managers who invest in early-stage companies need cap table, ESOP, and FEMA structuring alongside fund registration. We handle both the fund-side and investee-side advisory.
Regulatory
Accredited Investor Certification
Angel fund investors must meet specific eligibility criteria under Chapter III-A. We issue the CA net worth certificate to verify investor eligibility before fund onboarding.
AIF Hub
AIF & Fund Services — Full Overview
See all 9 Alternative Investment Fund services in one place — AIF registration, PPM, accredited investor, angel fund, GIFT City, family office, compliance, and SPV structuring.