TaxTMI 
TaxTMI 
Other requirements
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....rtake any transfer or sale of units of the InvIT held by it except for providing unit based employee benefits in accordance with this chapter. (3) The units of the InvIT transferred to the employee benefit trust shall be locked in by the depository and shall be released by the depository only for the transfer of units to the employees of the investment manager as per the unit based employee bene....
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....ntees. (7) The investment manager implementing unit based employee benefit scheme shall follow the requirements including the disclosure requirements of the Accounting Standards prescribed by the Central Government in terms of section 133 of the Companies Act, 2013 including any 'Guidance Note on Accounting for employee share-based Payments' issued in that regard from time to time. (8) T....
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....fit trust shall be shown as "non-sponsor and nonpublic" unitholding for the purpose of disclosure to the recognised stock exchanges. (12) In case of change in investment manager, the outgoing investment manager shall no longer receive management fees or units in lieu of management fees from the InvIT and accordingly shall not offer any fresh unit based employee benefit scheme based on the units o....