alleryStart learning →An unregistered pooling scheme with a corpus of what amount is deemed a CIS?
ATen crore or more
BFifty crore or more
CTwo hundred crore
DOne hundred crore or more
Answer & Solution
Correct answer: D. One hundred crore or more
The proviso to section 11AA(1) deems unregistered pooling of one hundred crore rupees or more a collective investment scheme.
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