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    <title>Amendment of section 11AA</title>
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    <description>Amendments broaden the definition of collective investment schemes by deeming unregistered or otherwise uncovered pooling arrangements meeting a prescribed corpus threshold to be collective investment schemes, insert a new sub section (2A) permitting schemes offered by any person to be regulated under conditions set by regulations, substitute the word &quot;person&quot; for &quot;company&quot; to widen applicability, and add an enabling clause for the Central Government to notify additional schemes in consultation with the Board.</description>
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      <description>Amendments broaden the definition of collective investment schemes by deeming unregistered or otherwise uncovered pooling arrangements meeting a prescribed corpus threshold to be collective investment schemes, insert a new sub section (2A) permitting schemes offered by any person to be regulated under conditions set by regulations, substitute the word &quot;person&quot; for &quot;company&quot; to widen applicability, and add an enabling clause for the Central Government to notify additional schemes in consultation with the Board.</description>
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