https://www.taxtmi.com/acts?id=34046 Sponsors and sponsor groups must set up the InvIT, appoint trustees and transfer or undertake to transfer their shareholding, interest and rights in the holdco and/or SPV or ownership of infrastructure projects to the InvIT under a binding agreement with adequate disclosure prior to allotment; they are liable for acts, omissions, representations and covenants related to formation or transfers to the InvIT and the InvIT/trustee has recourse for breaches. Sponsors must meet staged minimum unitholding requirements, with requisite units locked in and subordinate units excluded from meeting these thresholds, and transfers of locked-in units are restricted to sponsor group entities subject to continued lock-in and compliance by transferees. en-us Wed, 26 Dec 2018 11:06:13 +0530 Thu, 03 Apr 2025 17:29:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=34046 Sponsors and sponsor groups must set up the InvIT, appoint trustees and transfer or undertake to transfer their shareholding, interest and rights in the holdco and/or SPV or ownership of infrastructure projects to the InvIT under a binding agreement with adequate disclosure prior to allotment; they are liable for acts, omissions, representations and covenants related to formation or transfers to the InvIT and the InvIT/trustee has recourse for breaches. Sponsors must meet staged minimum unitholding requirements, with requisite units locked in and subordinate units excluded from meeting these thresholds, and transfers of locked-in units are restricted to sponsor group entities subject to continued lock-in and compliance by transferees. Act-Rules SEBI Wed, 26 Dec 2018 11:06:13 +0530 https://www.taxtmi.com/acts?id=34046