Treatment of InvIT and REIT debt securities updated; definitions aligned with tax law and issuance expressly permitted. Amendments add definitions for Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) by adopting the Income tax Act business trust definitions, and expand Schedule 1 to expressly permit debt securities issued by InvITs and REITs as included instruments under the Foreign Exchange Management (Debt Instruments) Regulations, 2019.
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Provisions expressly mentioned in the judgment/order text.
Treatment of InvIT and REIT debt securities updated; definitions aligned with tax law and issuance expressly permitted.
Amendments add definitions for Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) by adopting the Income tax Act business trust definitions, and expand Schedule 1 to expressly permit debt securities issued by InvITs and REITs as included instruments under the Foreign Exchange Management (Debt Instruments) Regulations, 2019.
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