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Service Details
Real Estate Investment Trust (REIT)
REITs have a similar structure to that of mutual funds with a sponsor, fund Management Company and a trustee. The sponsor promotes the REIT with its funds, and the fund management company selects and buys properties for the portfolio. The trustee ensures that the funds collected are utilized and managed, keeping the investor's interest in mind. Through REITs, investors gain by earning regular income in the form of dividends and also can diversify their investment portfolio. REIT is regulated by the SEBI (Real Estate Investment Trusts) Regulations, 2014.
Scope of Service
- Execution of Trust Deed and Settlement of trust by Settlor.
- Execution of Investment Manager Agreement (IM) and Project Manager Agreement for appointment of IM and PM.
- Vetting of Information Memorandum.
- Obtaining PAN/TAN and completing other registration formalities (opening of bank accounts, Demat account)
- Facilitating for obtaining the registration of REIT as required under SEBI Regulations.
- Monitoring of subscription amount and refund of application money
- Appointment of various entities including the Managers, Tax Consultants, Auditor etc.
- Holding the REIT assets in the name of ITSL (acting as REIT Trustee)
- Attending to investor's grievance.
- Signing of financials, finalizing IT returns
- Oversee the functioning of the Investment Manager in the interest of Unit Holder
- Call for the various reports from the Investment Manager
- Submission of compliance reports to the SEBI and or the Unit-holders etc.
- Such other duties as specified in Regulation 9 of the SEBI (REIT) Regulations, 2014
Infrastructure Investment Trusts (InvIT)
An Infrastructure Investment Trust (InvIT) is like a mutual fund, which enables direct investment of money from individual and institutional investors in infrastructure projects to earn a portion of the income as return. The InvIT is designed as a tiered structure with Sponsor setting up the InvIT which in turn invests into the eligible infrastructure projects either directly or via special purpose vehicles (SPV). InvIT are regulated by the SEBI (Infrastructure Investment Trusts) Regulations, 2014.
Scope of Service
- Vetting of Trust Deed for settlement of Trust, Investment Management Agreement for appointment of IM, Information Memorandum and other documents / agreements.
- Facilitating, including assisting in filling application for obtaining the registration of InvIT as required under SEBI Regulations.
- Monitoring of subscription amount and refund of application money
- Appointment of various entities including the Managers, Tax Consultants, Auditor, etc.
- Holding the InvIT assets in the name of ITSL (acting as InvIT Trustee)
- Attending to investor's grievance.
- Oversee the functioning of the Investment Manager in the interest of Unit Holders
- Obtaining the Compliance Certificate and various other compliances from the Investment Manager on a periodical basis as may be required under the SEBI Laws.
- Such other duties as specified in the SEBI (InvIT) Regulations, 2014
