Government exempts InvITs from acceptance of deposit norms


Government exempts InvITs from acceptance of deposit norms

Infrastructure Investment Trusts have been exempted from the ambit of acceptance of deposit rules under the companies law, a move that is expected to ease the compliance requirements for the investment vehicle. Regulated by markets watchdog Sebi, InvITs are expected to provide a fillip for fund raising efforts in the country’s infrastructure space. Recently, IRB Infrastructure Developers hit the markets with the first ever InvIT by any company, and few more entities are preparing to tap this route. Now, the Corporate Affairs Ministry has exempted InvITs from the purview of the Companies (Acceptance of Deposits) Rules, 2014. These rules have been framed under the Companies Act, 2013 — whose most provisions came into effect from April 1, 2014. In this regard, the ministry has amended the rules last week. Read More…

 

 

Credit By: Financial Express

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