Section 11AA of SEBI Act Collective investment scheme.—(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) the property, contribution or investment forming part of scheme or arrangement, whether identifiable or not, is managed on behalf of the investors; (iv) the investors do not have day-to-day control over the management and operation of the scheme or arrangement.
Asset Reconstruction Companies will have to deduct unrealised management fees where the net asset value of security receipts has fallen below _____ of t...
Anna Qabale Duba has recently been crowned as World’s best Nurse. She is from Which Country?
_________ is planning to invest $18.16 billion over five years to grow its oil business and expand its renewable energy portfolio as it aims for a 204...
Consider the following statements.
I. The premium of PMJJBY has been increased from Rs 330 to Rs 436.
II. The premium of PMSBY has been...
Which of the following Indian firm has acquire fintech start-up ZestMoney for about $300 mn?
In the context of the appointment of Ahmad Abdullah Al - Ahmad Al - Sabah as Kuwait's new Prime Minister, which of the following is true about his previ...
With reference to the Polar Satellite Launch Vehicle (PSLV), consider the following statements:
1. PSLV has been used by ISRO to launch various s...
______ has tied up with US’s Bridgepointe Technologies to help enable the latter’s enterprise customers to expand to India and Africa leveraging t...
Who is the new Foreign Secretary of India?
Which organization granted a loan for a 400-megawatt solar power plant in Gujarat?