Section 1

[11AA. Collective investment scheme.—(1) Any scheme or arrangement which satisfies the conditions referred to in sub -section (2) 2 [or sub-section (2A)] shall be a collective investment scheme:

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1 [11AA. Collective investment scheme.—(1) Any scheme or arrangement which satisfies the conditions referred to in sub -section (2) 2 [or sub-section (2A)] shall be a collective investment scheme: