Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
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The circular, addresses the amendment to the Master Circular for Infrastructure Investment Trusts (InvITs) regarding board nomination rights for unitholders. It clarifies that an eligible unitholder can nominate one Unitholder Nominee Director, with certain conditions. The amendment allows a unitholder to nominate a director even if another unitholder has the right to appoint a nominee director under specific regulations. This change aims to facilitate business operations and follows industry requests and recommendations from the Hybrid Securities Advisory Committee. The circular, effective immediately, is issued under the authority of the Securities and Exchange Board of India Act, 1992, and the SEBI (Infrastructure Investment Trusts) Regulations, 2014.
The circular, addresses the amendment to the Master Circular for Infrastructure Investment Trusts (InvITs) regarding board nomination rights for unitholders. It clarifies that an eligible unitholder can nominate one Unitholder Nominee Director, with certain conditions. The amendment allows a unitholder to nominate a director even if another unitholder has the right to appoint a nominee director under specific regulations. This change aims to facilitate business operations and follows industry requests and recommendations from the Hybrid Securities Advisory Committee. The circular, effective immediately, is issued under the authority of the Securities and Exchange Board of India Act, 1992, and the SEBI (Infrastructure Investment Trusts) Regulations, 2014.
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