"Every scheme of collective investment does not come under the purview of SEBI Act, 1992". List the scheme or arrangement not covered under Collective Investment Scheme.

As per SEBI Act, 1992, following scheme or arrangement shall not be a collective investment scheme: made or offered by a co-operative society registered under the Co-operative Societies Act, 1912 or a society being a society registered or deemed to be registered under any law relating to co-operative societies for the time being in force in any State; under which deposits are accepted by non-banking financial companies as defined in clause (f) of section 45-1 of the Reserve Bank of India Act, 1934; being a contract of insurance to which the Insurance Act, 1938, applies; providing for any Scheme, Pension Scheme or the Insurance Scheme framed under the Employee Provident Fund and Miscellaneous Provisions Act, 1952; under which deposits are accepted under section 74 of the Companies Act, 2013; under which deposits are accepted by a company declared as a Nidhi or a mutual benefit society under section 406 of the Companies Act, 2013; falling within the meaning of Chit business as defined in clause (d) of section 2 of the Chit Fund Act, 1982; under which contributions made are in the nature of subscription to a mutual fund; such other scheme or arrangement which the Central Government may, in consultation with SEBI, notify.