National Investment and Infrastructure Fund is registered under which one of the following Acts ?
[amp_mcq option1=”Companies Act, 2013″ option2=”RBI Act, 1934″ option3=”Indian Trusts Act, 1882″ option4=”Cooperative Societies Act, 1912″ correct=”option3″]
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UPSC Combined Section Officer – 2024
The National Investment and Infrastructure Fund (NIIF) is registered under the Indian Trusts Act, 1882. It was established by the Government of India as an investment vehicle for funding infrastructure projects. It operates as a fund manager and manages funds under SEBI (Alternative Investment Funds) Regulations, 2012. NIIF Limited, which is the investment manager of NIIF, is registered under the Companies Act, 2013, but the fund structure itself is often based on a trust or company structure depending on the category. NIIF Master Fund is registered as a Category II Alternative Investment Fund (AIF) under the SEBI AIF Regulations, structured as a trust under the Indian Trusts Act, 1882.
– NIIF is an investment vehicle focused on infrastructure.
– It is structured as a trust.
– Registered under the Indian Trusts Act, 1882.