India – SEBI InvIT Regulations Amended

India – SEBI InvIT Regulations Amended

On 14 February 2023, IND SEBI amended infrastructure investment trusts rules.

  • IND SEBI issued the infrastructure investment trusts amendment regulations, 2023.
  • Amend SEBI infrastructure investment trusts (InvITs) regulations, 2014, which are now renamed SEBI (infrastructure investment trusts) regulations, 2020.

Key Provisions

  • Amendments are made to clauses concerning changes in control of ownership or in controlling interests, and indirect or direct relationships with InvITs' directors.
  • New provisions are inserted regarding the terms of appointing an individual or firm as auditor, and obligation of the auditor to undertake a limited review of the audit of all entities or companies whose accounts are to be consolidated with the accounts of the InvIT.
  • A new chapter is inserted on the application (with modifications) of the SEBI (listing obligations and disclosure requirements) regulations 2015, to the InvIT regulations.


  • The regulations come into force on the date of their publication in the official gazette, subject to proviso that regulation 3(1) and (6) come into force on 1 April 2023.