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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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