InvIT eligibility criteria require designated sponsors, an experienced investment manager, independent trustee and governance safeguards for registration. Registration of an InvIT requires the Board to verify mandatory eligibility: a registered trust deed with InvIT as the main objective; separate designated ... Summary
InvIT eligibility criteria require designated sponsors, an experienced investment manager, independent trustee and governance safeguards for registration.
Registration of an InvIT requires the Board to verify mandatory eligibility: a registered trust deed with InvIT as the main objective; separate designated sponsor(s), investment manager and trustee; sponsors and sponsor groups meeting net worth and track record requirements; an investment manager satisfying capital, experience, staffing, independence, Indian office and contractual obligations; a project manager appointed under a project implementation agreement; a registered, independent trustee with adequate resources; governance rules on unit class, nominee director rights and stewardship; fit and proper status; and disclosure of proposed activities and prior regulatory history.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.