Sunday, 4 November 2012

What is a Collective Investment Management Company

What is a Collective Investment Management Company (CIMC)?
A Collective Investment Management Company is a company incorporated under the provisions of the Companies Act, 1956 and registered with SEBI under the SEBI (Collective Investment Schemes) Regulations, 1999, whose object is to organise, operate and manage a Collective Investment Scheme.
Can an existing Collective Investment Scheme raise further funds?
An existing Collective Investment Scheme cannot launch any new scheme or raise

collective investment scheme, SEBI,collective investment management company, CIMC

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