9911796707
TMI BlogMandatory disclosures in offer document or placement memorandum or follow on offer documentX X X X Extracts X X X X X X X X Extracts X X X X ..... case of multiple sponsors, provide details for every sponsor) i. Name, registered office address, correspondence addresses, Contact person (s), contact details, email id ii. Background of the sponsor including activities being undertaken by the sponsor with respect to infrastructure. iii. Holding or proposed holding by sponsor in the InvIT b. Investment Manager and Project Manager i. Background of the investment or Project Manager including past experience in management or advisory services or development in infrastructure sector ii. Brief functions, duties and responsibilities of the investment or Project Manager iii. Brief profiles of directors of the Investment Manager and units held or proposed to held by them in the InvIT, if any c. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tor to make an informed decision b. Policy of distributions to the unit holders including method of calculation and the frequency for distribution c. Listing of units i. Names of designated stock exchanges ii. Timelines for listing iii. Declaration that prior in-principle approval has been obtained from the designated stock exchanges d. Commitment received from strategic investors, if any 5. Market overview a. General market overview of the infrastructure sector b. Overview of the sub-sector in which the InvIT has invested or proposes to invest. 6. Description of the assets under the InvIT a. General consolidated details of all assets of the InvIT i. Breakup or proposed breakup of InvIT assets in terms of Reg 18(5)(a) and (b) ii. Details of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ight available to extend this life vi. Summary of Land diligence vii. Technical reports specific to the sub-sector such as traffic data report, wind or solar report, etc. viii. Month-wise revenue 6 [from the date of the latest financial statements included in the offer document or placement memorandum until the completed month before filing of the Draft offer document/offer document or Placement Memorandum] c. For under-construction projects, the following additional disclosures shall be made project-wise: i. Stage of construction along with per cent. of completed construction as at the end of the year ii. Progress of development iii. Expected completion iv. Status of approval or assessment from various authorities including statutory asses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y InvIT, project-wise over next three years including assumptions details as certified by the auditor e. Details on payment history and working capital f. Contingent liabilities 8 [ as on the date of the latest financial information disclosed in the offer document/ placement memorandum] 12. Rights of Unit Holders a. Rights of unit holders b. Proposed disclosures to the unit holders either directly or by public dissemination on the designated stock exchange website c. Frequency and manner of meetings of unit holders 13. Title and approval disclosures, litigations and regulatory actions a. Title disclosure of the projects including any material litigations pertaining to the projects b. Regulatory authorities involved and status of approvals w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ********** NOTES:- 1 Inserted by Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2016, w.e.f 30.11.2016 2 Substituted for SPV by Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2016, w.e.f 30.11.2016 3 Substituted for SPV by Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2016, w.e.f 30.11.2016 4 Substituted for SPV by Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2016, w.e.f 30.11.2016 5 Substituted for SPV by Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2016, w.e.f 30.11.2016 6 Subst ..... X X X X Extracts X X X X X X X X Extracts X X X X
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