Application form to Establish a Regulatory Sandbox.

  • This Service Provides live testing of new products or services in a controlled/test regulatory environment .
  • Documents to be submitted with the application:
    • 1. Supporting Documents against authorised Regulatory Status
    • 2. Authorisation Letter from Competent Authority
    • 3. Supporting Documents against Description of Product, Service or Solution
    • 4. Supporting Documents supporting Innovation in product, service or solution
    • 5. Supporting Documents stating readiness of the prototype development 6. Evidence of Resources available to support testing
    • 7. Business plan document for the product, service or solution
    • 8. Supporting Documents against Legal or Regulatory requirements
    • 9. Supporting Documents against Regulatory Status
    • 10. Supporting Documents against Risks involved and Mitigation measures
    • 11. CVs of Key Personnel (CEO, CFO, Directors)
    • 12. Audited Financial Statement of last 3 years
  • Application Fee : NIL
  • Service Charge (Grama one| B1| K1) :

    If Government entity, Zero Processing FeesFor Private Entity: *Paid Up Capital - Up to 50 to 100 Million (5 -10 Crores) - Rs. 10,00,000/- + (18% GST) *Paid Up Capital - Up to 100 to 150 Million (10 -15 Crores) - Rs. 15,00,000/- + (18% GST) *Paid Up Capital - Up to 150 to 500 Million (15 -50 Crores) - Rs. 20,00,000/- + (18% GST) *Paid Up Capital - Up to 500 to 1000 Million (50 -100 Crores) - Rs. 25,00,000/- + (18% GST) *Paid Up Capital - Above 1 Billion (Above 100 Crores) - Rs. 30,00,000/- + (18% GST) * Paid Up Capital - Above 10 Billion (Above 1000 Crores) - Rs. 40,00,000/- + (18% GST)

  • Service Time(Days) :NIL
  • Govt Depts/Pvt. Companies registered in Karnataka
  • To apply online click here