TMI BlogDelisting of units and winding up of the InvITX X X X Extracts X X X X X X X X Extracts X X X X ..... nges if,- (a) the public holding falls below the specified limit under sub-regulation (6) of regulation 16; (b) the number of unit holders of the InvIT falls below the limit as specified under sub-regulation (7) 1 [of regulation 16]; (c) if there are no projects or assets remaining under the InvIT for a period exceeding six months and InvIT does not propose to invest in any project in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to rectify the same, failing which shall apply for such delisting: Provided further that in case of PPP projects, such delisting shall be subject to relevant clauses in the concession agreement. (2) The Board and the designated stock Exchanges may consider such application for delisting for approval or rejection as may be appropriate in the interest of the unit holders. (3) The Board may ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 [ **** ] (7) The InvIT and parties to the InvIT shall continue to be liable for all their acts of omissions and commissions with respect to activities of the InvIT notwithstanding surrender of registration to the Board. ********** 1 Inserted by Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2016, w.e.f 30.11.2016 2. Omitt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Notification No. SEBI/LAD-NRO/GN/2022/101 dated 09-11-2022 w.e.f. 01-01-2023 before it was read as, 5 [ Notwithstanding the above, in case the delisting is done in terms of clause (ea) of sub-regulation (1),the InvIT may retain its certificate of registration and continue to undertake the activity of a privately placed and unlisted InvIT as specified in Chapter VIA. ] - - statute ..... X X X X Extracts X X X X X X X X Extracts X X X X
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