SEBI vide circular dated September 11, 2023 has issued clarification regarding Board nomination rights to unitholders of Infrastructure Investment Trusts. The circular provides that the Manager of the Infrastructure Investment Trusts shall, within ten days from the end of each calendar month, review whether the Eligible Unitholder(s) who have exercised the board nomination right, continue to have/hold the required number of units of Infrastructure Investment Trusts and make a report of the same.
The Manager of the Infrastructure Investment Trusts shall submit such report to the Trustee of the Infrastructure Investment Trusts.
