https://www.taxtmi.com/acts?id=38898 De-classification of sponsor status for an InvIT was permitted upon application and subject to conditions: the combined unit holding of the sponsor and its associates must remain within a prescribed cap; the investment manager must not be controlled by the sponsor or its associates; and unitholder approval must be obtained under the applicable approval mechanism. en-us Wed, 17 Jun 2020 20:38:10 +0530 Wed, 14 Aug 2024 17:49:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38898 De-classification of sponsor status for an InvIT was permitted upon application and subject to conditions: the combined unit holding of the sponsor and its associates must remain within a prescribed cap; the investment manager must not be controlled by the sponsor or its associates; and unitholder approval must be obtained under the applicable approval mechanism. Act-Rules SEBI Wed, 17 Jun 2020 20:38:10 +0530 https://www.taxtmi.com/acts?id=38898