TMI BlogGuidelines for public issue of units of InvITs - AmendmentsX X X X Extracts X X X X X X X X Extracts X X X X ..... of InvITs, it has been decided to provide for following in the InvIT Guidelines: a. In clause 3 of Schedule A, i. explanation to sub-clause (1) shall be substituted with following: Explanation: Institutional investors is as defined under Regulation 2(1)(y) of SEBI (Issue Of Capital And Disclosure Requirements) Regulations, 2018. ii. Sub-clause 2(h) shall be substituted with the following: (g) Neither the merchant bankers(s) nor any associate of the merchant bankers, other than mutual funds sponsored by entities which are associate of the merchant bankers or insurance companies promoted by entities which are associate of the merchant bankers or pension funds of entities which are associate of the merchant bankers or Al ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is maintained or any of the following intermediaries: a. A syndicate member (or sub-syndicate member) b. A stock broker registered with a recognised stock exchange c. A depository participant ('DP') d. A registrar to an issue and share transfer agent ('RTA') (3) Role of intermediaries: a. Intermediaries accepting the application forms shall be responsible for uploading the bid along with other relevant details in application forms on the electronic bidding system of stock exchange(s) and submitting the form to SCSBs for blocking of funds (except in case of SCSBs, where blocking of funds will be done by respective SCSBs only). b. All applications shall be stamped and thereby acknowled ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of closure of the issue in accordance with the Clause (11) of Schedule IX of SEBI (Issue Of Capital And Disclosure Requirements) Regulations, 2018. 3. This Circular is issued in exercise of powers conferred under Section 11(1) of Securities and Exchange Board of India Act, 1992 read with Regulation 33 of InvIT Regulations. 4. This Circular is available on SEBI website at www.sebi.gov.in under the categories Legal Framework and under the drop down Circulars . Yours faithfully, Richa G. Agarwal Deputy General Manager Investment Management Department Tel No.022-2644 9596 Email id - richag@sebi.gov.in - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Managem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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