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    <title>Eligibility criteria</title>
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    <description>Registration of an InvIT requires the Board to verify mandatory eligibility: a registered trust deed with InvIT as the main objective; separate designated sponsor(s), investment manager and trustee; sponsors and sponsor groups meeting net worth and track record requirements; an investment manager satisfying capital, experience, staffing, independence, Indian office and contractual obligations; a project manager appointed under a project implementation agreement; a registered, independent trustee with adequate resources; governance rules on unit class, nominee director rights and stewardship; fit and proper status; and disclosure of proposed activities and prior regulatory history.</description>
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      <description>Registration of an InvIT requires the Board to verify mandatory eligibility: a registered trust deed with InvIT as the main objective; separate designated sponsor(s), investment manager and trustee; sponsors and sponsor groups meeting net worth and track record requirements; an investment manager satisfying capital, experience, staffing, independence, Indian office and contractual obligations; a project manager appointed under a project implementation agreement; a registered, independent trustee with adequate resources; governance rules on unit class, nominee director rights and stewardship; fit and proper status; and disclosure of proposed activities and prior regulatory history.</description>
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