https://www.taxtmi.com/circulars?id=68584 The circular revises Chapters 3 and 4 of the InvIT Master Circular to mandate expanded offer-document and continuous disclosure requirements: audited financial statements for three years (and stub periods), combined statements for initial offers, certified proforma financial statements when material acquisitions/divestments occur, and detailed audit, certification and peer-review requirements. It prescribes a multi-level framework for computing Net Distributable Cash Flows (NDCF), rules on inclusions/exclusions, retention limits, distribution policy and prohibitions on debt-funded distributions. Chapter 4 updates timelines, statement formats, comparative disclosures, audit/limited-review norms, website/grievance obligations and extra disclosures for borrowings. en-us Wed, 07 May 2025 00:00:00 +0530 Fri, 13 Feb 2026 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68584 The circular revises Chapters 3 and 4 of the InvIT Master Circular to mandate expanded offer-document and continuous disclosure requirements: audited financial statements for three years (and stub periods), combined statements for initial offers, certified proforma financial statements when material acquisitions/divestments occur, and detailed audit, certification and peer-review requirements. It prescribes a multi-level framework for computing Net Distributable Cash Flows (NDCF), rules on inclusions/exclusions, retention limits, distribution policy and prohibitions on debt-funded distributions. Chapter 4 updates timelines, statement formats, comparative disclosures, audit/limited-review norms, website/grievance obligations and extra disclosures for borrowings. Circulars SEBI Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68584