What is the capability criteria concerning the Trustee in InvITs?
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Answered on February 14,2020
Eligibility criteria for the grant of certificate for a trustee in the Infrastructure Investment Trusts (InvITs) are
- That the trustee is registered with SEBI under SEBI (Debentures Trustees) Regulations, 1993 and is not an associate of the sponsor or manager
- That the trustee has such wherewith with respect to infrastructure, personnel, etc. to the satisfaction of SEBI and in accordance with circulars specified by the Board.
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