Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014

Chapter: I
PRELIMINARY
Regulation 1	:	Short title and commencement
Regulation 2	:	Definitions
Chapter: II
REGISTRATION OF InvITs
Regulation 3	:	Registration of infrastructure investment trusts
Regulation 4	:	Eligibility criteria
Regulation 5	:	Furnishing of further information, clarification
Regulation 6	:	Procedure for grant of certificate
Regulation 7	:	Conditions of certificate
Regulation 7A	:	De-classification of the status of sponsor (Omitted)
Regulation 8	:	Procedure where registration is refused
Chapter: III
RIGHTS AND RESPONSIBILITIES OF PARTIES TO THE InvIT, VALUER AND AUDITOR
Regulation 9	:	Rights and responsibilities of trustee
Regulation 10	:	Rights and responsibilities of investment manager
Regulation 11	:	Responsibilities of project manager
Regulation 12	:	Rights and responsibilities of sponsor(s) and sponsor group(s)
Regulation 13	:	Rights and responsibilities of the valuer and auditor
Chapter: IV
OFFER OF UNITS OF InvIT AND LISTING OF UNITS
Regulation 14	:	Issue of units and allotment
Regulation 15	:	Offer document or placement memorandum and advertisements
Regulation 16	:	Listing and trading of units
Regulation 17	:	Delisting of units and winding up of the InvIT
Chapter: IVA
FRAMEWORK FOR ISSUANCE OF SUBORDINATE UNITS
Regulation 17A	:	Applicability
Regulation 17B	:	Issuance of Subordinate Units
Regulation 17C	:	Transfer of subordinate units
Regulation 17D	:	Entitlement date, entitlement event and performance benchmark
Regulation 17E	:	Progress related to achievement of performance benchmark
Regulation 17F	:	Process for reclassification of subordinate unit
Chapter: IVB
FRAMEWORK FOR UNIT BASED EMPLOYEE BENEFIT SCHEME
Regulation 17G	:	Applicability
Regulation 17H	:	Nature of scheme and implementation of scheme through trust
Regulation 17I	:	Manner of receiving units by the employee benefit trust
Regulation 17J	:	Secondary acquisition
Regulation 17K	:	Manner of allotment of units to the employee benefit trust by the InvIT
Regulation 17L	:	Role of nomination and remuneration committee
Regulation 17M	:	Variation of terms of the scheme
Regulation 17N	:	Listing
Regulation 17O	:	Trustee of the employee benefit trust
Regulation 17P	:	Insider trading norms
Regulation 17Q	:	Other requirements
Regulation 17R	:	Disclosures
Chapter: V
INVESTMENT CONDITIONS, RELATED PARTY TRANSACTIONS, BORROWING AND VALUATION OF ASSETS
Regulation 18	:	Investment conditions and dividend policy
Regulation 19	:	Related party transactions
Regulation 20	:	Borrowings and deferred payments
Regulation 21	:	Valuation of assets
Chapter: VI
RIGHTS OF UNIT HOLDERS, GENERAL OBLIGATIONS, DISCLOSURES AND REPORTING
Regulation 22	:	Rights and meetings of unit holders
Regulation 22A	:	Dispute Resolution
Regulation 23	:	Disclosures
Regulation 24	:	Submission of reports to the Board
Regulation 25	:	Power to call for information
Regulation 26	:	Maintenance of records
Chapter: VIA
FRAMEWORK FOR PRIVATE PLACEMENT OF UNITS OF INVITS WHICH ARE NOT LISTED
Regulation 26A	:	Applicability
Regulation 26B	:	Raising of funds and investments
Regulation 26C	:	Disclosures
Regulation 26D	:	General
Regulation 26E	:	Surrender of certificate
Regulation 26F	:	Listing of units
Chapter: VIB
OBLIGATIONS OF THE INVESTMENT MANAGERS
Regulation 26G	:	Application of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 26H	:	Additional Requirements
Regulation 26I	:	Vigil Mechanism
Regulation 26J	:	Secretarial Compliance Report
Regulation 26K	:	Quarterly Compliance Report on Corporate governance
Regulation 26L	:	Grievance Redressal Mechanism
Chapter: VII
INSPECTION
Regulation 27	:	Boards right to inspect
Regulation 28	:	Notice before inspection
Regulation 29	:	Obligation of InvIT, parties to the InvIT and any other associate persons on inspection
Regulation 30	:	Submission of report to the Board
Regulation 31	:	Communication of findings etc. to the InvIT
Chapter: VIII
PROCEDURE FOR ACTION IN CASE OF DEFAULT
Regulation 32	:	Liability for action in case of default
Chapter: VIII-A
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
Regulation 32A	:	Exemption from enforcement of the regulations in special cases
Chapter: IX
MISCELLANEOUS
Regulation 33	:	Power of the Board to issue clarifications
Regulation 33A	:	Power to relax strict enforcement of Regulations
Regulation 34	:	Other InvITs.
SCHEDULE
Schedule - I	:	Application for Grant of Certificate of Registration as Infrastructure investment trust
Schedule - II	:	Fees
Schedule - III	:	Mandatory disclosures in offer document or placement memorandum or follow on offer document
Schedule - IV	:	Mandatory Disclosures in the Annual Report
Schedule - V	:	Mandatory minimum disclosures in full valuation report
Schedule - VI	:	Code of conduct for InvIT and parties to the InvIT
Schedule - VII	:	Governance Norms
Schedule - VIII	:	Stewardship Code
Schedule-IX	:	Minimum Provisions in Trust Deed