Inclusion of real estate and infrastructure investment trusts expands securities regulatory coverage to alternative investment funds. The amendment to section 23E, effected by the Finance Act, 2018, inserts real estate investment trusts, infrastructure investment trusts and alternative ... Summary
Inclusion of real estate and infrastructure investment trusts expands securities regulatory coverage to alternative investment funds.
The amendment to section 23E, effected by the Finance Act, 2018, inserts real estate investment trusts, infrastructure investment trusts and alternative investment funds immediately after the existing reference to mutual funds, thereby bringing those specified pooled-investment vehicles within the regulatory coverage of the Securities Contracts (Regulation) Act.
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