Comment on the following statements: (d) 'Every Institutional Buyer is qualified institutional buyer.'

The statement is false. Every 'Institutional buyer' is not a qualified institutional buyer (QIB). According to Regulation 2 (zd) of SEBI (ICDR) Regulations, 2009, a Qualified Institutional Buyer (QIB) is: A mutual fund, venture capital fund, alternative investment fund and foreign venture capital investor registered with SEBI; A foreign portfolio investor other than Category III foreign portfolio investor registered with SEBI; A public financial institution as defined in section 2(72) of the Companies Act, 2013; A scheduled commercial bank; A multilateral and bilateral development financial institution; A state industrial development corporation; An insurance company registered with the Insurance Regulatory and Development Authority; A provident fund with minimum corpus of twenty five crore rupees; A pension fund with minimum corpus of twenty five crore rupees; National Investment Fund set up by the Government of India published in the Gazette of India; Insurance funds set up and managed by army, navy or air force of the Union of India; Insurance funds set up and managed by Department of Posts, India.