CS Professional · Strategic Management and Corporate Finance · Infrastructure Investment Trusts
Under the InvIT Regulations, which of the following is required of an InvIT's sponsor at the time of applying for registration?
The sponsor must be a company, body corporate or LLP that meets a prescribed minimum net worth and has experience in the infrastructure sector. It need not be listed, cannot be an individual, and need not be a government department.
- AThe sponsor must be a listed company
- BThe sponsor must be a body corporate or LLP with a specified minimum net worth and relevant experience in the infrastructure sectorCorrect
- CThe sponsor must be an individual with 10 years of experience
- DThe sponsor must be a government department
Explanation
The sponsor must be a company or body corporate or LLP with a prescribed minimum net worth and track record in developing or managing infrastructure projects. Listing is not mandatory, individuals are not eligible, and sponsors need not be government departments.
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