PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
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SEBI has amended the Master Circular for Infrastructure Investment Trusts (InvITs) with two key modifications. First, the lock-in provisions for preferential issue of units have been revised to align with Regulation 12(3) of InvIT Regulations, requiring 15% of units allotted to sponsor(s) and sponsor group(s) to be locked-in for three years (25% if the sponsor is not the project manager). Additionally, inter-se transfers of locked-in units among sponsor group entities are now permitted subject to continuing lock-in requirements. Second, SEBI has introduced a comprehensive regulatory framework for follow-on offers by publicly offered InvITs, including filing requirements, disclosure standards, and listing procedures. These amendments took immediate effect on March 28, 2025.
SEBI has amended the Master Circular for Infrastructure Investment Trusts (InvITs) with two key modifications. First, the lock-in provisions for preferential issue of units have been revised to align with Regulation 12(3) of InvIT Regulations, requiring 15% of units allotted to sponsor(s) and sponsor group(s) to be locked-in for three years (25% if the sponsor is not the project manager). Additionally, inter-se transfers of locked-in units among sponsor group entities are now permitted subject to continuing lock-in requirements. Second, SEBI has introduced a comprehensive regulatory framework for follow-on offers by publicly offered InvITs, including filing requirements, disclosure standards, and listing procedures. These amendments took immediate effect on March 28, 2025.
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