Can
an existing Collective Investment Scheme (CIS) raise further funds?
1. No, because it is a close ended
scheme
2. Yes, at any time it can raise
further funds from public
3. No, it can not raise money from
the investors even under the existing scheme
4. No, unless a certificate of
registration is granted by SEBI.
Answer:
4.
No, unless a certificate of registration is granted by SEBI.
Explanation:
An
existing Collective Investment Scheme cannot launch any new scheme or / raise
money from the investors even under the existing scheme, unless a certificate
of registration is granted to it by SEBI.
In other words, after notification of
regulations an existing collective investment scheme, even after obtaining
provisional registration as well as after obtaining credit rating can not
mobilise funds from the public unless a certificate of registration is granted
to it.
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