TaxTMI 
TaxTMI 
SECURITIES AND EXCHANGE BOARD OF INDIA (INFRASTRUCTURE INVESTMENT TRUSTS) (AMENDMENT) REGULATIONS, 2017
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....ONS, 2017 No. SEBI/LAD-NRO/GN/2017-18/024.─In exercise of the powers conferred by section 30 read with sections 11 and 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, namely,- 1. These regulations may be ....
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....zf) of sub-regulation (1) of regulation (2), the definition of the term "valuer" shall be substituted with the following, namely - "(zzf) "valuer" means any person who is a "registered valuer" under section 247 of the Companies Act, 2013 or as specified by the Board from time to time." III. in clauses (l) and (m) of sub-regulation (2) of regulation 4, the words "applicant or any related party" s....
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....a new proviso shall be inserted, namely - "Provided further that the compulsorily convertible securities, whose holding period has been included for the purpose of calculation for offer for sale, shall be converted to equity shares of the holdco or SPV, prior to filing of offer document." V. in the non-obstante clause under clause (b) of sub-regulation (8) of regulation 16, the words and symbol....
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....ord "draft" appearing before the words "placement memorandum" shall stand deleted. X. in clause 14 of Schedule IV pertaining to Mandatory Disclosures in the Annual Report, the existing clause shall be numbered as sub-clause (1) and thereafter the following new sub-clause shall be inserted: "2. Details regarding the monies lent by the InvIT to the holding company or the special purpose vehicle in....