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    Question

    Under the SEBI Act any pooling of funds under any scheme

    or arrangement, which is not registered with the Board or is not covered under section 11AA (3), involving a corpus amount of _______________ shall be deemed to be a collective investment scheme
    A One hundred lakh rupees or more Correct Answer Incorrect Answer
    B One hundred crore rupees or more Correct Answer Incorrect Answer
    C One hundred crore rupees or less Correct Answer Incorrect Answer
    D One hundred lakh rupees or less Correct Answer Incorrect Answer
    E Two hundred crore rupees or more Correct Answer Incorrect Answer

    Solution

    Section 11AA. Collective investment scheme-- (1) Any scheme or arrangement which satisfies the conditions referred to in sub-section 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.

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