Cetengraulis edentulus is a broadely distributed engraulid in Southwest Atlantic, currently accounting for the main fish species commercially exploited at Guanabara Bay, Brazil. This study aimed to extend the knowledge on reproduction of C. edentulus at Guanabara Bay and to test whether some descriptors of reproductive activity, especially the gonadosomatic index (GSI), and the index of reproductive activity (IRA) changed among seasons. A total of 978 C. edentulus specimens were retrieved from purse seine commercial landings at Conservas Rubi S.A. company, in São Gonçalo city, RJ. Subsamples of 90-120 individuals were collected from bimonthly yields between July 2010 (winter) and June 2011 (autumn). Most fish were adults (120-170 mm TL), in response to the high selectivity of commercial fisheries. All descriptors indicated a broad spawning period (late winter to spring), peaking in November, suggesting this is the critical period to protect C. edentulous stocks from overfishing at Guanabara Bay. Fecundity averaged 12,720 oocytes and was positively related to fish size, GSI and fullness index, indicating that preserving larger individuals (TL > 160 mm) could contribute significantly to the reproductive success of C. edentulus, since they produce more oocytes.