TaxTMI 
TaxTMI 
Investment Conditions
X X X X Extracts X X X X
X X X X Extracts X X X X
.... the SPV shall exercise any rights that prevents the Investment Trust from complying with the regulatory requirements specified by Authority and recognised stock exchange(s), and an agreement has been entered into with such shareholders or partners to that effect prior to investment in the SPV: Provided that the shareholders' agreement or partnership agreement shall provide for an app....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... SPVs, which is in proportion to the shareholding or holding interest of the REIT in the SPV, as applicable; (c) the investment manager shall ensure that in every meeting, including annual general meeting of the SPV, the vote of the Investment Trust is exercised. (2) The Investment Trust may invest in infrastructure projects or properties, as the case may be, through holdco, subject to....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Provided further in case of inconsistencies between such agreement(s) and the obligations cast upon an Investment Trust by the Authority and recognised stock exchange, such obligations shall prevail; (c) the investment manager shall, in consultation with the Trustee, appoint the majority of the Board of directors or governing board of the holdco and SPV(s): Provided that in c....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s in such jurisdictions. (4) An Investment Trust shall hold completed and rent generating property or an infrastructure asset, as the case may be, for a period not less than three years from the date of purchase of such asset, directly or through holdco and/or SPV: Provided that this shall not apply to investment in securities of companies in infrastructure sector other than SPVs. (5) For....