Securities And Exchange Board of India Act, 1992
Section - 11AA - Collective investment scheme
[Collective investment scheme . 11AA . (1) Any scheme or arrangement which satisfies the conditions referred to in sub-section (2) [or sub-section (2A)] shall be a collective investment scheme. [Provided that any pooling of funds under any scheme or arrangement, which is not registered with the Board or is not covered under sub-section (3), involving a corpus amount of one hundred crore rupees or more shall be deemed to be a collective investment scheme: ] (2) Any scheme or arrangement made or offered by any [person] under which,-
| (i) | - | the contributions, or payments made by the investors, by whatever name called, are pooled and utilized for the purposes of the scheme or arrangement; |
| (ii) | - | the contributions or payments are made to such scheme or arrangement by the investors with a view to receive profits, income, produce or property, whether movable or immovable, from such scheme or arrangement; |
| (iii) | .... To read the full section download the app from Google Play store
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