CS Professional · Strategic Management and Corporate Finance · Infrastructure Investment Trusts
Under the SEBI (Infrastructure Investment Trusts) Regulations, 2014, which of the following must be registered with SEBI before an InvIT can raise funds from investors?
The InvIT itself must be registered with SEBI as an Infrastructure Investment Trust before it offers units. The sponsor, investment manager and trustee must meet eligibility conditions, but the trust is the entity that receives the certificate of registration.
- AThe sponsor of the trust, as a separate registrant, but not the trust
- BThe trust itself, as an Infrastructure Investment TrustCorrect
- COnly the project manager of the trust
- DOnly the stock exchange where units will be listed
Explanation
The Regulations require the trust to obtain a certificate of registration from SEBI as an InvIT before making any offer of units. The sponsor, investment manager and trustee have eligibility conditions but the registrant is the trust. The other options misidentify the registrant.
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