RIGHTS AND RESPONSIBILITIES OF PARTIES TO THE InvIT, VALUER AND AUDITORSecurities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014
RIGHTS AND RESPONSIBILITIES OF PARTIES TO THE InvIT, VALUER AND AUDITORSecurities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014
Sponsor de-classification allowed where unit holding cap, independent investment manager, and unitholder approval conditions are met. De-classification of sponsor status for an InvIT was permitted upon application and subject to conditions: the combined unit holding of the sponsor and ... Summary
Sponsor de-classification allowed where unit holding cap, independent investment manager, and unitholder approval conditions are met.
De-classification of sponsor status for an InvIT was permitted upon application and subject to conditions: the combined unit holding of the sponsor and its associates must remain within a prescribed cap; the investment manager must not be controlled by the sponsor or its associates; and unitholder approval must be obtained under the applicable approval mechanism.
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