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SEBI - Highlights / Catch Notes

Home Highlights August 2024 Year 2024 This

The circular, addresses the amendment to the Master Circular for ...


InvITs Amendment: Unitholders Gain Board Nomination Rights, Boosting Governance and Reflecting Industry Input.

August 7, 2024

Circulars     SEBI

The circular, addresses the amendment to the Master Circular for Infrastructure Investment Trusts (InvITs) regarding board nomination rights for unitholders. It clarifies that an eligible unitholder can nominate one Unitholder Nominee Director, with certain conditions. The amendment allows a unitholder to nominate a director even if another unitholder has the right to appoint a nominee director under specific regulations. This change aims to facilitate business operations and follows industry requests and recommendations from the Hybrid Securities Advisory Committee. The circular, effective immediately, is issued under the authority of the Securities and Exchange Board of India Act, 1992, and the SEBI (Infrastructure Investment Trusts) Regulations, 2014.

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