The Securities and Exchange Board of India vide its notification dated 4th August 2021 has notified the framework pertaining to minimum number of unit holders in unlisted Infrastructure Investment Trusts (InvITs).
As per regulation 26B(3) of the InvIT Regulations, the minimum number of unit holders in an InvIT, other than the sponsor(s), its related parties and its associates, should be five, together and collectively holding at least 25 percent of the total units of the InvIT at all times.
Further through this revised framework the registered unlisted InvITs which have already issued units as on the date of this circular, shall comply with the above provision within a period of six months from the date of this circular.
