https://www.taxtmi.com/circulars?id=66804 Board nomination rights allow Eligible Unitholders of InvITs to nominate a non-independent Unitholder Nominee Director to the Investment Manager's board subject to a minimum unitholding threshold and aggregation rules. The Investment Manager must adopt a published policy on qualifications, evaluation, remuneration and removal; confirm candidate eligibility within a set period; complete appointment within a further period; and conduct monthly reviews of nominating unitholders' holdings, reporting to the Trustee and effecting resignation where eligibility is lost. Trust deeds and investment management agreements must be amended to reflect these rights. en-us Mon, 11 Sep 2023 00:00:00 +0530 Mon, 11 Sep 2023 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66804 Board nomination rights allow Eligible Unitholders of InvITs to nominate a non-independent Unitholder Nominee Director to the Investment Manager's board subject to a minimum unitholding threshold and aggregation rules. The Investment Manager must adopt a published policy on qualifications, evaluation, remuneration and removal; confirm candidate eligibility within a set period; complete appointment within a further period; and conduct monthly reviews of nominating unitholders' holdings, reporting to the Trustee and effecting resignation where eligibility is lost. Trust deeds and investment management agreements must be amended to reflect these rights. Circulars SEBI Mon, 11 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66804