Infrastructure - SEBI Ready Reckoner - SEBI

As per regulation 49L(2) of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 For the purposes of Chapter VIB (infrastructure debt fund schemes) , unless the context otherwise requires- Infrastructure includes- the sectors as specified by guidelines issued by the Board or as notified by Ministry of Finance, from time to time. COMMISSIONER CENTRAL GST AND CX AGRA VERSUS M/S GANPATI MEGA BUILDERS LTD.- [ 2022 (10) TMI 583 - ALLAHABAD HIGH COURT] The literal meaning of word infrastructure in Black's law dictionary 8th Edition further shows that it means the underlying framework of a system which means not only the construction activities such as shed but the underlying framework i.e supporting services such as roads, toilets etc are to be included in the word infrastructure which is needed for Post-harvest storage of agricultural produce. The word infrastructure thus to be given a purposive meaning under the exemption notification so as to include the underlying framework of the system. It would, thus, include all construction activities other than construction of market sheds etc which are necessary for providing Post-harvest infrastructure for agricultural produce .