Regulation 26A - Applicability - Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014

1 [CHAPTER VIA FRAMEWORK FOR PRIVATE PLACEMENT OF UNITS OF INVITS WHICH ARE NOT LISTED 26A. Applicability (1) The provisions of this chapter shall apply to an InvIT, which 2 [ **** ] has issued units, on a private placement basis in terms of these regulations. 3 [ **** ] (3) All the provisions of these regulations applicable to an InvIT, whose units are privately placed and listed or proposed to be listed, shall be applicable to an InvIT 4 [ **** ] who has issued units under the provisions of this chapter, except for the following - (a) sub-regulation (4), (9),(10) and (22) of regulation 10; (b) sub-regulation (1A) and (2) of regulation 14; (c) regulation 16; (d) regulation 17; (e) regulation 20; (f) sub-regulation (6) of regulation 21; (g) sub-clause (iv) of clause (f) of sub-regulation (5) of regulation 22; (h) regulation 23; (i) sub-regulation (15) of regulation 9 in respect of obtaining prior approval of the Board for any change in the investment manager; (j) sub-regulation (17) of regulation 9 in respect of obtaining prior approval of the Board in case of change in control of the investment manager. ] *************** NOTES:- 1. Inserted vide NOTIFICATION No. SEBI/LAD-NRO/GN/2019/10 dated 22-04-2019 2. Omitted vide Notification No. SEBI/LAD-NRO/GN/2022/101 dated 09-11-2022 w.e.f. 01-01-2023 before it was read as, proposes to issue units or 3. Omitted vide Notification No. SEBI/LAD-NRO/GN/2022/101 dated 09-11-2022 w.e.f. 01-01-2023 before it was read as, (2) The units so issued or proposed to be issued shall not be eligible to be listed on recognised stock exchanges. 4. Omitted vide Notification No. SEBI/LAD-NRO/GN/2022/101 dated 09-11-2022 w.e.f. 01-01-2023 before it was read as, issuing units/