Regulation 7A - De-classification of the status of sponsor (Omitted) - Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014

2 [ **** ] ************* NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2020/15 dated 16-6-2020 2. Omitted vide Notification No. SEBI/LAD-NRO/GN/2023/145 dated 16-08-2023 before it was read as, 1 [De-classification of the status of sponsor 7A (1) De-classification of the status of a sponsor(s) of an InvIT whose units have been listed on the stock exchanges for a period of three years shall be permitted upon receipt of an application from the InvIT and subject to compliance with the following conditions: (a) The unit holding of such sponsor and its associates taken together does not exceed 10% of the outstanding units of the InvIT; (b) The investment manager of the InvIT is not an entity controlled by such sponsor or its associates; (c) Approval of unit holders has been obtained in accordance with sub-regulation 4 of Regulation 22. ]