The Securities and Exchange Board of India (SEBI) on December 07, 2023, issued a Revised framework for computation of Net Distributable Cash Flow (NDCF) by Infrastructure Investment Trusts (InvITs)
The following has been stated-
In order to promote Ease of Doing Business, it has been decided to standardize the framework for calculation of available Net Distributable Cash Flows. Accordingly, the revised framework for computation of NDCF by InvITs and its Holdcos, SPVs shall be as per Annexure A.
The revised framework shall be applicable with effect from April 1, 2024 and supersedes the Framework for calculation of Net Distributable Cash Flows provided in Paragraph F of Chapter 3 of the Master Circular for Infrastructure Investment Trusts (InvITs) dated July 06, 2023.
[Notification No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2023/184]
