Inspection notice requirement for InvITs allows no-notice inspections when the Board finds notice prejudicial to investors. Regulation 28 requires the Board to give not less than ten days' notice to the trustee of the InvIT before ordering an inspection under regulation 27, but authorises the Board, by written order, to direct an inspection without such notice where it is satisfied that no notice should be given in the interest of investors. During an inspection, the InvIT and parties to the InvIT are bound to discharge their obligations as provided in regulation 29.
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.
Inspection notice requirement for InvITs allows no-notice inspections when the Board finds notice prejudicial to investors.
Regulation 28 requires the Board to give not less than ten days' notice to the trustee of the InvIT before ordering an inspection under regulation 27, but authorises the Board, by written order, to direct an inspection without such notice where it is satisfied that no notice should be given in the interest of investors. During an inspection, the InvIT and parties to the InvIT are bound to discharge their obligations as provided in regulation 29.
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