Collective investment scheme

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..... rangement, 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 4[person] under which,- (i) the contributions, or payments made by the investors, by whatever name called, are pooled and utilized for th .....

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..... ment- (i) made or offered by a co-operative society registered under the Co-operative Societies Act, 1912 (2 of 1912) or a society being a society registered or deemed to be registered under any law relating to co-operative societies for the time being in force in any State; (ii) under which deposits are accepted by non-banking financial companies as defined in clause (f) of section 45-I of the .....

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..... scheme or arrangement which the Central Government may, in consultation with the Board, notify,] Shall not be a collective investment scheme.] ************** 1 Inserted by the SEBI (Amendment) Act 1999, w.e.f. 22-2-2000. 2 Inserted by the Securities Laws (Amendment) Act, 2014, w.r.e.f. 18-07-2013. 3 Inserted by the Securities Laws (Amendment) Act, 2014, w.r.e.f. 18-07-2013. 4 Substituted for .....

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