Form 190 User Manual

1. Overview

Form 190 is submitted under Rule 331 of the Income-tax Rules, 2026 by a Mutual Fund that intends to raise capital from the public through equity shares or debentures.
This form must be filed at least three months before the proposed issue and acts as a compliance requirement to ensure that only eligible entities raise funds.
Along with Form 190, the company must also provide supporting documents such as its Certificate of Incorporation under the Companies Act, 2013, and its audited financial statements (Balance Sheet and Profit & Loss account) for the last three years or since incorporation, whichever is shorter

2. Prerequisites for availing this service

Taxpayer is registered at e-filing portal.
Taxpayer has valid Username (PAN) and Password of E-filing 2.0 portal
Status of PAN of the Taxpayer is “Active” as per PAN database
Taxpayers should have a valid DSC. It should be registered at e-filing portal & not expired.

3. About the Form

3.1 Purpose

Form 190 is filed to obtain prior approval from the Board for raising capital through a public issue, ensuring the Mutual Fund meets the prescribed eligibility and compliance conditions.

3.2 Who can use it?

Form 190 has to be filed by the Mutual Fund that intend to raise capital from the public through an eligible issue of equity shares or debentures can file this form three months before the public issue.

3.3 Form at a Glance

Form 190 has four panels:

Part A – Basic information
Part B – Details of the trustees of the fund
Part C – Details of scheme and Public issue
Attachments
Verification

4. Step-by-Step Guide

Step 1: Log in to the e-Filing portal with your User ID and Password.

Data responsive Step 2: Enter the User ID (PAN) and Password.

Data responsive Step 3: Go to e-file >Income Tax Forms > File Income Tax Forms.

Data responsive Step 4: Under the Forms as per Income Tax Act 2025 tab, select Form 190 and click the File Now button.

Data responsive Step 5: Check the PAN, Submission Mode, Filing Type and Select the applicable Tax Year (T.Y) and click on Continue button.

Data responsive Step 6: Click on Let’s Get Started.

Data responsive Step 7: Post clicking on Let’s Get Started screen, user will be navigated to Panel screen and Select the 1st Panel: Part A – Basic Information . Verify the Particulars and click on Save.

Note: Please ensure that all mandatory details under “My Profile” section including address is completed. You can update your contact and address details by clicking on hyperlink “My Profile”.

Data responsive

Step 8: Post saving the 1st panel, select the 2nd Panel: Part B – Details of trustees of the fund. Fill in and verify the details under the Part B panel, then click Save.

Data responsive Note:-

The details entered under Serial No. 3 will be reflected in a table once added. User can add up to 50 records by clicking on “Add Details” button.
If you want to enter more than 50 records in field no. 3, then you should download the excel template, fill in the details, convert the excel file into .CSV format and upload the same.
Users need to download the template after click on Download Template.
After clicking the ‘Download Template’ button, an Excel file will be downloaded. In 1st row of excel template instructions are provided for entering data in excel. In 2nd row the user needs to fill in the data accordingly. Please prepare CSV as per instruction provided in the template.
Please convert the file to .csv before uploading.
After filling in the downloaded excel template, save the data in the excel template. Then click File > Save As or Alt+F+A. Select the ‘CSV (Comma delimited)’ from the drop down in Save as type and then click Save. The filled in excel file will be saved in CSV format. This CSV format needs to be uploaded on the portal.
Follow the below mentioned instructions to fill in the above excel template.

Field Name	Instruction	Mandatory field (Yes/No)	Length of the character
Serial No.	Enter the serial Number	yes	Numeric, NonNegative
Name	Enter Name of the Trustee	Yes	Max 277 Characters
PAN	Enter PAN of the Trustee	No	10 alphanumeric consists of: First 5 Alphabets, next 4 digits, then 1 Alphabet
Country / Region	Enter country.	Yes	Please select from dropdown
Flat / Door / Building	Enter the Flat/ Door/ Building	Yes	125 characters maximum
Road / Street / Block / Sector	Enter the Road / Street / Block /	No	75 characters maximum
PIN Code/ZIP Code	Enter valid Pincode	Yes	The field is numeric, it must contain 6 digits
Post Office	Enter the post office of the relevant pincode	Yes	60 characters maximum
Area / Locality	Enter the Area/ Locality	Yes	60 characters maximum
District	Enter the District	Yes	50 characters maximum
State	Enter the State.	Yes	Please select from dropdown
Professional experience	Enter Professional experience	Yes	Maximum 400 characters
Other important details	Other important details	No	Maximum 400 characters

Data responsive Note:-

Please provide details regarding the main objects and ancillary objects of the fund. Also provide details regarding custodians , assets management company , banker details and auditor details of mutual fund.

Data responsive Under Serial No. 7 Details of custodian, select ‘Add Details’, fill the required fields, and click ‘Add’ to proceed.

Data responsive Under Serial No. 10 Name and address of bankers, select ‘Add Details’, fill the required fields, and click ‘Add’ to proceed.

Data responsive Under Serial No. 11 Name and address of Auditors, select ‘Add Details’, fill the required fields, and click ‘Add’ to proceed.

Data responsive Step 9: Post saving the 2nd panel, select the 3rd Panel: Part C -Details of Scheme and public issue. Please fill and verify the “Part C” panel and click on Save.

Data responsive

Under Serial No. 13, select ‘Add Details’, fill the required fields, and click ‘Add’ to proceed. The fields ‘Details of the issue’ contains a dropdown menu from which the user can choose an option.

Data responsive Step 10: Post saving the 3rd panel, select the 4th Panel: Attachments. Please attach the relevant documents and click on Save.

Note:

In Attachment A 6 and A-8, if the user uploads any file, the description text box becomes mandatory.
In Attachment A-2 becomes mandatory if user selects “Yes” in field no 5.
In Attachment A-3 becomes mandatory if user selects “Yes” in field no 6.

Data responsive Step 11: Post saving the 3rd panel, select the “Verification” Panel.

Step 12: Post saving the Verification panel, status of panel will be displayed as Completed then Preview button will be enabled.

Data responsive Step 13: On the Preview page, verify the details and click Proceed to e-Verify.

Note: By clicking the “Download” button, the user can download the preview PDF and verify the details before proceeding with e verification.

Data responsive Step 14: Post clicking on Proceed to e-Verify button, a popup confirmation displaying that you would like to proceed to e-Verify. Click on Yes.

Data responsive Step 15: On clicking Yes, you will be navigated to the E-Verify page where you can verify the Form 190 using DSC/EVC(as applicable).

Note:Refer to the How to e-Verify user manual to learn more.

Step 16: After successful e-Verification, a success message is displayed along with a Transaction ID and Acknowledgement Receipt Number. Please keep a note of the Transaction ID and Acknowledgement Receipt Number for future reference. You will also receive a confirmation message on the email ID(s) and mobile number(s) registered with the e-Filing portal.

Click on download button to download the Acknowledgement receipt.

Data responsive Note:

After successful submission of form 190 the user can view the filled form under – On your Dashboard, click e-File > File Income Tax Forms > View Filed Forms> View Filed Form tab under Income Tax Act 2025.
Refer view filled form user manual to learn more.

5. Related Topics

6. Glossary

Acronym/Abbreviation	Description/Full Form
DSC	Digital Signature Certificate
EVC	Electronic Verification Certificate
ARN	Acknowledgement Receipt Number
PY	Previous Year
FY	Financial Year
TY	Tax Year