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TMI BlogFormat of Compliance Report on Governance for InvITsX X X X Extracts X X X X X X X X Extracts X X X X ..... sis; (c) Annex - III within three months from the end of financial year on an annual basis; 3. Reporting and Monitoring (a) The investment manager of the InvIT shall submit the compliance report on governance in the aforesaid format to the stock exchanges within the timelines as specified above. The compliance report on governance shall also be made part of annual report of the InvIT. (b) The stock exchanges shall monitor the compliance of the above requirements and take appropriate action as specified by the Board from time to time. 4. This circular shall come into force with effect from the financial year 2023-24 onwards. Accordingly, the first reporting shall be made for the quarter ended June 30, 2023. 5. This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Regulation 26K of the SEBI (Infrastructure Investment Trusts) Regulations, 2014 . This circular is issued with the approval of the competent authority. 6. This circular is available on the website of Securities and Exchange Board of India at www.sebi.gov.in under the category Legal Circulars . Yo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent/Nominee. If a director fits into more than one category write all categories separating them with hyphen. *to be filled only for Independent Director. Tenure would mean total period from which Independent director is serving on Board of directors of the investment manager in continuity without any cooling off period. II. Composition of Committees Name of Committee Whether Regular chairperson appointed Name of Committee members Category (Chairperson/Non-Independent/ Independent /Nominee) Date of Appointment Date of Cessation 1. Audit Committee 2. Nomination Remuneration Committee 3. Risk Management Committee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b. Nomination Remuneration Committee c. Stakeholders Relationship Committee d. Risk management committee 3. The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Infrastructure Investment Trusts) Regulations, 2014. 4. The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Infrastructure Investment Trusts) Regulations, 2014. 4. This report and/or the report submitted in the previous quarter has been placed before Board of Directors of the investment manager. Any comments/observations/advice of the board of directors may be mentioned here. Name Designation Compliance Officer / CEO Note: Information at Table I and II above need to be necessarily given in 1 st quarter of each financial year. However, if there is no change of information in subsequent quarter(s) of that financial year, this information may not be given by the investment manager and instead a statement same as previous quarter may be given. ANNEX ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1) Meeting of board of directors 26G Quorum of board meeting 26H(2) Review of Compliance Reports 26H(3) Plans for orderly succession for Appointments 26G Code of Conduct 26G Minimum Information 26H(4) Compliance Certificate 26H(5) Risk Assessment Management 26G Performance Evaluation of Independent Directors 26G Recommendation of Board 26H(6) Composition of Audit Committee 26G Meeting ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... management 26G Note 1 In the column Compliance Status , compliance or non-compliance may be indicated by Yes/No/N.A. For example, if the Board has been composed in accordance with the requirements of InvIT Regulations, Yes may be indicated. Similarly, in case the InvIT has no related party transactions, the words N.A. may be indicated. If status is No details of non-compliance may be given here. If the investment manager would like to provide any other information the same may be indicated here. Name Designation Compliance Officer / CEO ANNEX III Format to be submitted by investment manager within three months from the end of financial year Affirmations Broad heading Regulation Number Compliance status (Yes/No /NA) refer note below Copy of annual report of the InvIT including balance sheet, profit and loss account, governance report, secretarial complian ..... X X X X Extracts X X X X X X X X Extracts X X X X
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