Securities and Exchange Board of India (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2024

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....ulations may be called the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2024. 2. They shall come into force on the date of their publication in the Official Gazette: Provided that the sub-regulation (2) of regulation 3 of these regulations shall come into force on the sixtieth day from the date of its publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, ─ (1) in regulation 16, in sub-regulation (8), the existing clause (b) shall be substituted with the following clause, namely, - "(b) trading lot for the purpose of trading of units on the designated stock exchange shall be rupees twe....

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....nserted as a proviso to clause (c), namely, - "Provided that a meeting of unit holders may be called after giving shorter notice than that specified in this clause if consent, in writing or by electronic mode, is accorded thereto - i. in case of an annual meeting, by not less than ninety-five percent of the unit holders entitled to vote thereat; and ii. in case of any other meeting, by majority of the unitholders in number entitled to vote thereat and who represent not less than ninety-five percent of such part of the units by value as gives a right to vote at the meeting." (iv) after clause (e) the following clause shall be inserted namely, - "(f) for all unit holder meetings, the investment manager shall provide an option to the....

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....ined electronically. (5) The investment manager and trustee shall ensure that a business continuity plan and disaster recovery site is in place for the records maintained electronically, to maintain data and transaction integrity." BABITHA RAYUDU, EXECUTIVE DIRECTOR [ADVT.-III/4/Exty./528/2024-25] Footnotes: 1. The Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 was published in the Gazette of India on September 26, 2014 vide No. LAD-NRO/GN/2014-15/10/1577. 2. The Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014 was subsequently amended by the - a. Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, ....

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..... Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/30, with effect from August 31, 2021. k. Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2022 vide No. SEBI/LAD-NRO/GN/2022/83, with effect from May 4, 2022. l. Securities and Exchange Board of India (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2022 vide No. SEBI/LAD-NRO/GN/2022/101 with effect from January 1, 2023. m. Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2023 vide No. SEBI/LAD-NRO/GN/2023/122 with effect from February 14, 2023. n. Securities and Exchange Board of India (Alternati....