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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Grants 10% InvIT Unitholders Right to Nominate Director; InvITs Must Amend Trust Deeds for Compliance.</h1> The circular issued by SEBI outlines the rights of unitholders holding at least 10% of units in Infrastructure Investment Trusts (InvITs) to nominate a director to the board of the Investment Manager. Eligible unitholders can nominate one director, provided they meet the specified criteria. The Investment Manager is required to review and report the unitholding status monthly to ensure compliance. The circular mandates that InvITs amend their trust deeds and agreements to incorporate these nomination rights. The process for nomination, appointment, and eligibility criteria for Unitholder Nominee Directors is detailed, emphasizing adherence to SEBI regulations.
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