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      Question

      Which regulation excludes family trusts set up for

      benefiting 'relatives' under the Companies Act, 2013, from being considered as AIFs?
      A SEBI (Alternative Investment Funds) Regulations, 2012 Correct Answer Incorrect Answer
      B SEBI (Mutual Funds) Regulations, 1996 Correct Answer Incorrect Answer
      C SEBI (Collective Investment Schemes) Regulations, 1999 Correct Answer Incorrect Answer
      D Companies Act, 2013 Correct Answer Incorrect Answer
      E Limited Liability Partnership Act, 2008 Correct Answer Incorrect Answer

      Solution

      Family trusts set up for benefiting 'relatives' as defined under the Companies Act, 2013, are excluded from being considered as AIFs under the SEBI (Alternative Investment Funds) Regulations, 2012

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