Collective Investment Scheme

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.... 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 ^4[person] under which,- (i) the contributions, or payments made by the investors, by whatever name call....

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.... sub-section (2) ^6[or sub-section (2A)], any scheme or arrangement- (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 n....

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....f 1982); (viii) under which contributions made are in the nature of subscription to a mutual fund; ^7[(ix) such other scheme or arrangement which the Central Government may, in consultation with the Board, notify,] Shall not be a collective investment scheme.]     ***************** NOTES:- 1. Inserted vide Section 11 of the SEBI (Amendment) Act....