CS Professional · Strategic Management and Corporate Finance · Infrastructure Investment Trusts
Under the InvIT Regulations, in what legal form must an InvIT be constituted?
An InvIT must be constituted as a trust under the Indian Trusts Act, 1882, with its trust deed registered under the Registration Act, 1908. It cannot be a company, LLP or co-operative society, so the trust form is the legal requirement.
- AA company incorporated under the Companies Act, 2013
- BA limited liability partnership
- CA trust registered under the Indian Trusts Act, 1882, with the instrument of trust registered under the Registration Act, 1908Correct
- DA co-operative society
Explanation
The Regulations require the InvIT to be set up as a trust under the Indian Trusts Act, 1882, and the trust deed to be registered under the Registration Act, 1908. A company, LLP or society cannot be an InvIT.
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