What does not constitute a collective investment scheme?

QuestionsWhat does not constitute a collective investment scheme?
Akshaj Singh asked 1 year ago
   
3 Answers
Priya Vishwas answered 1 year ago
A collective investment scheme does not constitute a scheme framed and offered by a cooperative society.   
Nikhil Rawat answered 1 year ago
A collective investment scheme does not constitute an insurance scheme or a scheme framed by a non-banking financial company.   
Deepak Goyal answered 1 year ago
A collective investment scheme does not constitute any scheme in which contribution is made by mutual funds or contributions which are specified in section 58A of the companies act 1956.