Daily Archives: October 15, 2024

SEBI grants exemption to university funds and university related endowments registered or eligible to be registered as Category-I FPIs from additional disclosure requirements

In terms of the Securities and Exchange Board of India’s (SEBI)  circular dated August 1, 2024 (SEBI Circular), amendments have been made to the master circular for foreign portfolio investors (FPIs), designated depository participants (DDPs) and eligible foreign investors dated May 30, 2024 (Master Circular) granting exemption to university funds and university related endowments registered…

SEBI aligns provisions relating to review of statement of investor complaints and disclosure of statement of deviation(s) by managers of InvITs and REITs with SEBI LODR Regulations

Disclosure obligations applicable to Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) have been amended as follows by the Securities and Exchange Board of India (SEBI) on August 22, 2024: statement of investor complaints received by InvITs or REITs is required to be placed before the board of directors / governing body of…

SEBI revises board nomination rights of unitholders of InvITs and REITs

Unitholders holding 10% or more of the outstanding units of an Infrastructure Investment Trust (InvIT) or a Real Estate Investment Trust (REIT), either individually or collectively, have the right to nominate one nominee director to the board of the investment manager / manager, as the case may be. However, entities (or their associates) entitled to…

SEBI modifies framework for valuation of investment portfolios of AIFs

Pursuant to receiving public comments on its consultation paper titled ‘Review of certain aspects of the framework for valuation of investment portfolio of AIFs’ dated May 23, 2024 and taking note of recommendations of the Alternative Investment Policy Advisory Committee (AIPAC), the Securities and Exchange Board of India (SEBI) introduced modifications to the valuation framework…

SEBI introduces ease of doing business measures under regulations governing InvITs and REITs

On September 26, 2024, the Securities and Exchange Board of India (SEBI) notified the SEBI (Infrastructure Investment Trusts) (Third Amendment) Regulations, 2024 and SEBI (Real Estate Investment Trusts) (Third Amendment) Regulations, 2024 (Amendment Regulations) to foster improved ease of doing business and enable increased investor participation in the real estate and infrastructure sectors. Key highlights…