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    <description>The regulations specify that the trustee holds InvIT assets for unit holders, oversees compliance by the investment manager and project manager, reviews related party transactions for arm&#039;s length basis, safeguards valuation independence, maintains prescribed records, ensures segregation of subscription funds, convenes unit holder meetings within prescribed intervals, manages replacement of managers within set timelines while preserving prior liabilities, and furnishes information to the Board and stock exchanges as required.</description>
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