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The circular amends provisions related to review of investor complaint statements and timelines for disclosure of deviation statements by Infrastructure Investment Trusts (InvITs). For investor complaints, prior review by Investment Manager's Board is replaced with quarterly placement before Board/Trustee. For deviation statements, submission timeline to stock exchanges is aligned with financial results submission instead of fixed 21-day period. These changes aim to promote ease of doing business while ensuring investor protection through timely redressal and disclosure.
The circular amends provisions related to review of investor complaint statements and timelines for disclosure of deviation statements by Infrastructure Investment Trusts (InvITs). For investor complaints, prior review by Investment Manager's Board is replaced with quarterly placement before Board/Trustee. For deviation statements, submission timeline to stock exchanges is aligned with financial results submission instead of fixed 21-day period. These changes aim to promote ease of doing business while ensuring investor protection through timely redressal and disclosure.
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