New provisions for InvITs to be complied within 6 months of issuance of circular: SEBI

The SEBI had amended the SEBI (Infrastructure Investment Trusts) Regulations, 2014 (“InvIT Regulations”) with respect to the requirement of minimum number and holding of unit holders for unlisted InvITs. Now, the SEBI has clarified that Registered unlisted InvITs which have already issued units as on the date of circular, shall comply with the amended provisions of InvIT Regulations within a period of six months from the date of this circular.The SEBI had amended the SEBI (Infrastructure Investment Trusts) Regulations, 2014 (“InvIT Regulations”) with respect to the requirement of minimum number and holding of unit holders for unlisted InvITs. Now, the SEBI has clarified that Registered unlisted InvITs which have already issued units as on the date of circular, shall comply with the amended provisions of InvIT Regulations within a period of six months from the date of this circular.taxmann.com Latest Statutory HappeningsRead More

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