The Securities and Exchange Board of India (SEBI) on September 26, 2024, issued the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2024, to further amend the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014.
This shall come into force on September 27, 2024.
The following has been stated namely: -
• Regulation 3 states about the “Registration of infrastructure investment trust” sub-regulation (2) shall come into force on the sixtieth day from September 27, 2024.
• In regulation 16 – Listing and trading of units, sub-regulation (8), the existing clause (b) shall be substituted with “(b) trading lot for the purpose of trading of units on the designated stock exchange shall be rupees twenty five lakhs.”
• In regulation 18 – Investment conditions and dividend policy, in sub-regulation (8) the words “fifteen days of declaration” shall be substituted with the words “the timeline specified in clause (c) of sub-regulation (6)”.
• Regulation 22 - Rights and meetings of unit holders, sub-regulation (2) shall be amended.
Refer to the attached document for detailed notification.
[Notification no. - SEBI/LAD-NRO/GN/2024/207]
