Hello, I am a CA Intermediate | CA IPCC student from Bangalore. I want to know whether the Collective Investment Schemes (CIS) is regulated by the RBI or not. Sarath
**No**. CIS are schemes where money is exchanged for units, be it time share in resorts, profit from sale of wood or profits from the developed commercial plots and buildings and so on. Collective Investment Schemes (CIS) do not fall under the regulatory purview of the Reserve Bank.