Delisting of units and winding up of the InvIT

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....k exchanges if,- (a) the public holding falls below the specified limit under sub-regulation (6) of regulation 16; (b) the number of unit holders of the InvIT falls below the limit as specified under sub-regulation (7) ^1[of regulation 16]; (c) if there are no projects or assets remaining under the InvIT for a period exceeding six months and InvIT does not propose to inv....

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.... Provided that if clause (a) or (b) is breached, the trustee may provide a period of six months to the investment manager to rectify the same, failing which shall apply for such delisting: Provided further that in case of PPP projects, such delisting shall be subject to relevant clauses in the concession agreement. (2) The Board and the designated stock Exchanges may consider such ....

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.... units, the InvIT shall surrender its certificate of registration to the Board and shall no longer undertake activity of an InvIT. ^7[****] (7) The InvIT and parties to the InvIT shall continue to be liable for all their acts of omissions and commissions with respect to activities of the InvIT notwithstanding surrender of registration to the Board.   ************** NOTES:- 1....