TaxTMI 
TaxTMI 
Securities and Exchange Board of India (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2025
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....re Investment Trusts) Regulations, 2014, namely: - 1. These regulations may be called the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2025. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014, ─ (1) in regulation 2, in sub-regulation (1), clause (zq) shall be substituted with the following, namely, - "(zq) "public" means any person other than: (i) the related party of the InvIT, its sponsor, investment manager or project manager; or (ii) any other person as may be specified by the Board: ....
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.... specified by the Board for submission of quarterly financial results"; (4) in regulation 14, (a) after sub-regulation (1A), (i) the first proviso shall be omitted; (ii) in the second proviso, after the word "provided" and before the words "that any listed InvIT which has", the word "further" shall be omitted; (b) in sub-regulation (2), (i) in clause (c), after the words "from any investor of rupees", the words "one crore" shall be substituted with the words "twenty five lakhs"; (ii) after clause (c), the words and symbols "Notwithstanding the above, if such an privately placed InvIT invests or proposes to invest not less than eighty per cent of the value of the InvIT assets, in....
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....uted with the words "submitted by the investment manager to the designated stock exchange(s) along with the quarterly financial results for the quarter ending September 30th."; (c) after sub-regulation (5), the proviso shall be omitted. (d) after sub-regulation (5) and before sub-regulation (6), the following shall be inserted as sub-regulation (5A), namely, - "(5A) If the consolidated borrowings and deferred payments of an InvIT, in terms of regulation 20 of these regulations, exceeds forty nine per cent.; a quarterly valuation of the assets of InvIT shall be conducted by the valuer as at the end of the quarters ending June, September and December for incorporating any key changes from the previous quarter and su....
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....viso shall be omitted; (c) after sub-regulation (4) and before sub-regulation (5), the following shall be inserted as sub-regulation (4A), namely, - "(4A) The investment manager of an InvIT shall submit a quarterly report to the designated stock exchange(s) along with the quarterly financial statements for the quarters ending June, September and December if the consolidated borrowings and deferred payments of such InvIT, in terms of regulation 20, is above forty nine per cent." BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./335/2025-26] 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 ....
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.... h) Securities and Exchange Board of India (Infrastructure Investment Trusts) (Second Amendment) Regulations, 2020 vide No. SEBI/LAD-NRO/GN/2020/15, with effect from June 16, 2020. i) Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/27, with effect from July 30, 2021. j) Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/30, with effect from August 3, 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. ....