https://www.taxtmi.com/acts?id=43323 Investment managers must monitor and report progress toward the performance benchmark annually or as specified, after certification by the InvIT's statutory auditor and approval by the trustee and the investment manager's audit committee. The progress must be disclosed in the Annual Report. While subordinate units are outstanding, the investment manager must disclose to the stock exchange the diluted NAV and diluted distribution per unit alongside NAV and distribution per unit. Diluted NAV is defined as InvIT asset value reduced by external debt divided by total ordinary and subordinate units; diluted distribution per unit is total distribution divided by that same total. en-us Tue, 28 May 2024 13:26:06 +0530 Tue, 27 Aug 2024 12:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43323 Investment managers must monitor and report progress toward the performance benchmark annually or as specified, after certification by the InvIT's statutory auditor and approval by the trustee and the investment manager's audit committee. The progress must be disclosed in the Annual Report. While subordinate units are outstanding, the investment manager must disclose to the stock exchange the diluted NAV and diluted distribution per unit alongside NAV and distribution per unit. Diluted NAV is defined as InvIT asset value reduced by external debt divided by total ordinary and subordinate units; diluted distribution per unit is total distribution divided by that same total. Act-Rules SEBI Tue, 28 May 2024 13:26:06 +0530 https://www.taxtmi.com/acts?id=43323