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.
A and B started a business with investments in the ratio of 8:9 respectively. If after three year, the profit earned by A is Rs. 1600, then find the tot...
In a joint business venture, 'A' contributes Rs. 2400, which is 25% less than 'B’s investment. While 'A's investment lasts for 8 months, 'B' only inve...
Makhan Lal started a business with the capital investing Rs 18,400. After 6 months Arvind Lal invested Rs 16200. At the end of one year they made a prof...
Three friends, Aman, Bheema, and Chetan, together invested a total of Rs. 9400. After one year, they received profits of Rs. 1440...
'A' and 'B' started a business with an investment of Rs. 2,000 and Rs. 2,500, respectively. After 6 months, 'C' joined them with an investment of Rs. 3,...
A and B together starts a business with investment of Rs. 800 and Rs. (x + 600), respectively. If the profit earned after 5 years is Rs.3200 and share o...
A invested Rs. X in a scheme. After 6 months, B joined with Rs 4000 more than that of A. After an year, ratio of profit of B to the total profit was 3: ...
A, B and C invested in partnership. A invest Rs.10000 for 4 months, B invests Rs.8000 for 3 months and C invests Rs.14000 for 2 months. C is working par...
‘A’ and ‘B’ started a business by investing Rs. 5000 and Rs. 6500, respectively. 12 months later, ‘C’ joined the business by investing Rs. 8...
Amit and Shikha initiated a business, with Shikha investing Rs. 6,000 more than Amit. After one year, Amit added Rs. 4,000 more to his initial investmen...