Regulation 17O - Trustee of the employee benefit trust
Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 Chapter IVB FRAMEWORK FOR UNIT BASED EMPLOYEE BENEFIT SCHEME
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Trustee registration requirement limits who may serve and prohibits voting rights for employee benefit trusts holding InvIT units. The trustee of an employee benefit trust must be registered under the Debenture Trustees Regulations; the InvIT trustee cannot act as trustee of the employee benefit trust; and neither the employee benefit trust nor its trustee may vote units of the InvIT held by that trust.
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.
Trustee registration requirement limits who may serve and prohibits voting rights for employee benefit trusts holding InvIT units.
The trustee of an employee benefit trust must be registered under the Debenture Trustees Regulations; the InvIT trustee cannot act as trustee of the employee benefit trust; and neither the employee benefit trust nor its trustee may vote units of the InvIT held by that trust.
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