Regulation 8 - Procedure where registration is refused - Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014

Procedure where registration is refused 8. (1) After considering an application made under regulation 3, if the Board is of the opinion that a certificate should not be granted to the 69 [trust], it may reject the application after giving the applicant a reasonable opportunity of being heard. (2) The decision of the Board to reject the application shall be communicated to the applicant within thirty days of such decision. *************** NOTES:- 1 Substituted for the word applicant by the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2018, w.e.f. 10.04.2018.