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      Question

      Pooling of funds under any scheme or arrangement

      involving a corpus amount of ________________ shall be deemed to be a collective investment scheme
      A 50 crores or more Correct Answer Incorrect Answer
      B 200 crores or more Correct Answer Incorrect Answer
      C 500 crores or more Correct Answer Incorrect Answer
      D 100 crores or more Correct Answer Incorrect Answer

      Solution

      Section 11AA of SEBI Act: (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.

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