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    <title>Reduction of timelines for listing of units of Infrastructure Investment Trust (InvIT)</title>
    <link>https://www.taxtmi.com/circulars?id=65546</link>
    <description>The circular shortens the post-issue timeline for InvIT public issues, requiring completion of allotment and listing within six working days from issue closure. It prescribes a T to T+6 schedule assigning duties to stock exchanges, RTAs, SCSBs, investment managers and merchant bankers for bid modification and transmission, fund blocking and certification, technical rejection reconciliation, basis of allotment finalisation and approval, transfer of sponsor assets, credit of units, demat confirmation, unblocking of ASBA funds, and filing of listing application. Applicable to issues opening on or after June 1, 2022.</description>
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    <pubDate>Thu, 28 Apr 2022 00:00:00 +0530</pubDate>
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      <title>Reduction of timelines for listing of units of Infrastructure Investment Trust (InvIT)</title>
      <link>https://www.taxtmi.com/circulars?id=65546</link>
      <description>The circular shortens the post-issue timeline for InvIT public issues, requiring completion of allotment and listing within six working days from issue closure. It prescribes a T to T+6 schedule assigning duties to stock exchanges, RTAs, SCSBs, investment managers and merchant bankers for bid modification and transmission, fund blocking and certification, technical rejection reconciliation, basis of allotment finalisation and approval, transfer of sponsor assets, credit of units, demat confirmation, unblocking of ASBA funds, and filing of listing application. Applicable to issues opening on or after June 1, 2022.</description>
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      <pubDate>Thu, 28 Apr 2022 00:00:00 +0530</pubDate>
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