InvITs prohibited from engaging in Chapter VIA activities; issuance rules narrowed and Board empowered to grant listing exemptions. No InvIT shall undertake any activity under Chapter VIA. Multiple issuance-related sub-regulations in regulations 17, 22, 26A, 26B, 26C and 26D are omitted or edited to narrow issuance procedures. Regulation 26F is renumbered and a new sub-regulation empowers the Board to grant exemptions to InvITs that have issued units under the Chapter to facilitate listing on a recognized nationwide stock exchange.
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Provisions expressly mentioned in the judgment/order text.
InvITs prohibited from engaging in Chapter VIA activities; issuance rules narrowed and Board empowered to grant listing exemptions.
No InvIT shall undertake any activity under Chapter VIA. Multiple issuance-related sub-regulations in regulations 17, 22, 26A, 26B, 26C and 26D are omitted or edited to narrow issuance procedures. Regulation 26F is renumbered and a new sub-regulation empowers the Board to grant exemptions to InvITs that have issued units under the Chapter to facilitate listing on a recognized nationwide stock exchange.
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