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of <h1>Investment Managers Must Follow Guidelines for Allocating InvIT Units to Employee Benefit Trusts Per July 2024 Notification</h1> An investment manager of an Infrastructure Investment Trust (InvIT) that allocates units to an employee benefit trust as part of management fees must adhere to specific guidelines. These include obtaining unitholder approval, issuing units only once per financial year within ninety days post-annual valuation, and complying with the Board's preferential issue guidelines. The units must be allocated directly to the employee benefit trust for exclusive use in a unit-based employee benefit scheme. These provisions were introduced through a notification dated July 9, 2024.
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