Format of Compliance Report on Governance for InvITs

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....year on an annual basis; (c) Annex - III - within three months from the end of financial year on an annual basis; 3. Reporting and Monitoring (a) The investment manager of the InvIT shall submit the compliance report on governance in the aforesaid format to the stock exchanges within the timelines as specified above. The compliance report on governance shall also be made part of annual report of the InvIT. (b) The stock exchanges shall monitor the compliance of the above requirements and take appropriate action as specified by the Board from time to time. 4. This circular shall come into force with effect from the financial year 2023-24 onwards. Accordingly, the first reporting shall be made for the quarter ended June 30, 2023. 5. This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Regulation 26K of the SEBI (Infrastructure Investment Trusts) Regulations, 2014. This circular is issued with the approval of the competent authority. 6. This circular is available on the website of Securities and Exchange Board of India at www.sebi.gov.in under the category....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....es separating them with hyphen.   *to be filled only for Independent Director. Tenure would mean total period from which Independent director is serving on Board of directors of the investment manager in continuity without any cooling off period.    II. Composition of Committees   Name of Committee   Whether Regular chairperson appointed   Name of Committee members   Category   (Chairperson/Non-Independent/ Independent /Nominee) ^& Date of  Appointment  Date of  Cessation  1. Audit Committee            2. Nomination & Remuneration Committee            3. Risk Management Committee            4. Stakeholders Relationship Committee           ^&Category of directors means non-independent/independ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ulations, 2014.  4. This report and/or the report submitted in the previous quarter has been placed before Board of Directors of the investment manager. Any comments/observations/advice of the board of directors may be mentioned here.  Name & Designation    Compliance Officer / CEO   Note:   Information at Table I and II above need to be necessarily given in 1^st quarter of each financial year. However, if there is no change of information in subsequent quarter(s) of that financial year, this information may not be given by the investment manager and instead a statement "same as previous quarter" may be given.           ANNEX II    Format to be submitted by investment manager for the financial year I. Disclosure on website of InvIT in terms of SEBI Circular No. CIR/IMD/DF/127/2016 dated November 29, 2016    Item   Compliance status   (Yes/No/NA)^refer note below  If Yes provide link to website. If No / NA provide reasons   a) Details of business  &nbsp....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....   Composition of Nomination & Remuneration Committee   26G     Quorum of Nomination and Remuneration Committee meeting   26G     Meeting of Nomination & Remuneration Committee   26G     Composition of Stakeholder Relationship Committee   26G     Meeting of Stakeholder Relationship Committee   26G     Composition and role of Risk Management Committee   26G     Meeting of Risk Management Committee   26G     Vigil Mechanism   26I     Approval for related party Transactions 19(3), 22(4)(a)   Disclosure of related party transactions   19(2)   Annual Secretarial Compliance Report   26J   Alternate Director to Independent Director   26G     Maximum Tenure of Independent Director 26G     Meeting of independent directors   26....