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Collective investment scheme (CIS)

Any scheme or arrangement in Capital Market that is made or offered by any company under which the contributions, or payments made by the investors, are pooled and utilized with a view to receive profits, income, produce or property, and is managed on behalf of the investors is a Collective Investment Scheme. Investors do not have day to day control over the management and operation of such scheme or arrangement.

Page last modified on Thursday November 28, 2013 12:55:41 GMT-0000