Regulation 74A - Existing schemes or arrangements deemed to be a collective investment scheme to obtain provisional registration - Securities and Exchange Board of India (Collective Investment Schemes) Regulations, 1999

1 [CHAPTER IX A EXISTING SCHEMES OR ARRANGEMENTS DEEMED TO BE A COLLECTIVE INVESTMENT SCHEME Existing schemes or arrangements deemed to be a collective investment scheme to obtain provisional registration 74A. (1) Any person who has been operating a scheme or arrangement deemed to be a collective investment scheme under the proviso to sub-section (1) of section 11AA of the Act at the time of commencement of the Securities and Exchange Board of India (Collective Investment Schemes) (Amendment) Regulations, 2014, shall be deemed to be an existing collective investment scheme and shall also comply with the provisions of Chapter IX: Provided that any scheme or arrangement which is otherwise regulated or prohibited under any other law shall not be deemed to be a collective investment scheme. Explanation : The expression operating a scheme or arrangement deemed to be a collective investment scheme shall include carrying out the obligations undertaken in the various documents entered into with the investors who have subscribed to the scheme or arrangement. (2) An existing collective investment scheme shall make an application to the Board in the manner specified in regulation 5.] ************* NOTES:- 1 Inserted, ibid.