SECURITIES AND EXCHANGE BOARD OF INDIA

Consultation paper for guidelines for public issue of units of Infrastructure Investment Trusts

1. To solicit the comments/views from public on suggestions pertaining to Guidelines for public issue of units of Infrastructure Investment Trusts (hereinafter “InvITs “).

Background:

2. SEBI InvIT Regulations were notified on 26th September, 2014, thereby providing a regulatory framework for registration and regulation of InvITs in India. The Regulations, inter alia, provide that ‘The Board may specify by issue of guidelines or circulars any other requirements, as it deems fit, pertaining to issue and allotment of units by an InvIT, whether by way of public issue or private placement.”

3. In line with the aforesaid Regulation, SEBI proposes the draft guidelines for the public issue of units of InvITs. Accordingly, it is proposed that all InvITs and their Investment Managers shall comply with the following guidelines with respect to public issue of units of the InvIT.

Public Comments:

4. In order to take into consideration views of various stakeholders, public comments are solicited on the draft guidelines as placed at Annexure-A. Comments may be emailed on or before January 05, 2016, to invit@sebi.gov.in or sent by post, to:-

Ms Richa G Agarwal,

Deputy General manager

Investment Management Department

Securities and Exchange Board of India

SEBI Bhavan

Plot No. C4-A, “G” Block,

Bandra Kurla Complex,

Bandra (East), Mumbai – 400 051

5. Comments/ suggestions may be provided in the format given below:

Name of entity / person / intermediary/ Organization
Sr. No. Clause No. Suggestions Rationale

Issued on: December 18, 2015

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