Regulation 11 - Responsibilities of project manager
Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 Chapter III RIGHTS AND RESPONSIBILITIES OF PARTIES TO THE InvIT, VALUER AND AUDITOR
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Project manager duties: manage and maintain InvIT assets, appoint and supervise agents, and oversee completion of infrastructure projects. Project manager must undertake operations and management of InvIT assets, including arranging appropriate maintenance directly or through appointed and supervised agents, and, for investments in under construction projects, operate and manage the projects, oversee development progress and approval status up to completion, and discharge obligations to achieve timely implementation, operation, maintenance and management of the infrastructure project in terms of the project management agreement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Project manager duties: manage and maintain InvIT assets, appoint and supervise agents, and oversee completion of infrastructure projects.
Project manager must undertake operations and management of InvIT assets, including arranging appropriate maintenance directly or through appointed and supervised agents, and, for investments in under construction projects, operate and manage the projects, oversee development progress and approval status up to completion, and discharge obligations to achieve timely implementation, operation, maintenance and management of the infrastructure project in terms of the project management agreement.
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