Dematerialization of securities of Hold Cos and SPVs held by Infrastructure Investment Trusts (InvITs)

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Full Text of the Document

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....re Investment Trusts (InvITs) 1. Regulation 14(4)(r) of SEBI (Infrastructure Investment Trusts) Regulations, 2014 ("InvIT Regulations") provides that the units of InvIT shall be issued only in dematerialized form to all the applicants. 2. In order to promote dematerialization of securities, encourage ease of doing business, improve transparency in the dealings of securities of Hold Cos/ SPVs, it....