Requirement of minimum number and holding of unit holders for unlisted Infrastructure Investment Trusts (InvITs)
- Vide notification No. SEBI/LAD-NRO/GN/2021/27 dated July 30, 2021, SEBI (Infrastructure Investment Trusts) Regulations, 2014 (“InvIT Regulations”) were amended to provide for the requirement of minimum number and holding of unit holders for unlisted InvITs.
- Registered unlisted InvITs which have already issued units as on the date of this circular, shall comply with the provisions of sub-regulation (3) of Regulation 26B of the InvIT Regulations within a period of six months from the date of this circular.
- This circular is being issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Regulation 33 of the InvIT Regulations.
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