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Minimum unit holder requirements for unlisted InvITs impose compliance obligations on existing registered unlisted InvITs. Amendment to the InvIT Regulations mandates a minimum number and holding of unit holders for unlisted InvITs. Registered unlisted InvITs which have already issued units must comply with sub regulation (3) of Regulation 26B within the compliance period specified in the circular. The circular, issued under the regulator's statutory powers, applies to all InvITs and parties to InvITs and is published on the regulator's website.
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Provisions expressly mentioned in the judgment/order text.
Minimum unit holder requirements for unlisted InvITs impose compliance obligations on existing registered unlisted InvITs.
Amendment to the InvIT Regulations mandates a minimum number and holding of unit holders for unlisted InvITs. Registered unlisted InvITs which have already issued units must comply with sub regulation (3) of Regulation 26B within the compliance period specified in the circular. The circular, issued under the regulator's statutory powers, applies to all InvITs and parties to InvITs and is published on the regulator's website.
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