https://www.taxtmi.com/circulars?id=65397 Framework permits conversion of a Private Listed InvIT into a Public InvIT by making a public issue (fresh issue and/or offer for sale); upon issuance and listing the InvIT is treated as a Public InvIT and must comply with Public InvIT regulations. Conditions include asset composition eligibility, compliance with listing and disclosure obligations since listing or for the preceding three years, no defaults on distributions since listing, specified regulatory compliances, and approval by unit holders by value. Sponsor contribution, lock-in periods, transfer restrictions, investor subscription limits, and enhanced draft-offer disclosures are prescribed. en-us Wed, 09 Feb 2022 00:00:00 +0530 Wed, 09 Feb 2022 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65397 Framework permits conversion of a Private Listed InvIT into a Public InvIT by making a public issue (fresh issue and/or offer for sale); upon issuance and listing the InvIT is treated as a Public InvIT and must comply with Public InvIT regulations. Conditions include asset composition eligibility, compliance with listing and disclosure obligations since listing or for the preceding three years, no defaults on distributions since listing, specified regulatory compliances, and approval by unit holders by value. Sponsor contribution, lock-in periods, transfer restrictions, investor subscription limits, and enhanced draft-offer disclosures are prescribed. Circulars SEBI Wed, 09 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65397