SEBI/HO/DDHS/DDHS -PoD -2/P/CIR/2024/114 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

CIRCULAR SEBI/HO/DDHS/DDHS -PoD -2/P/CIR/2024/114 To, All Infrastructure Investment Trusts (InvITs) All Parties to InvITs All Recognised Stock Exchanges Madam/Sir, Sub: Amendment to Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024 - Review of statement of investor complaints and timeline for disclosure of statement of deviation(s) SEBI vide Circular No. CIR/IMD/DF/127/2016 dated November 29, 2016 specified provisions for continuous disclosures and compliances by InvITs. The said circular was consolidated as Chapter 4 of the Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024 ("Master Circular"). To improve ease of doing business related to activities of InvITs and REITs, a working group was constituted by SEBI to examine and give recommendations on ease of doing business measures ("Working Group") . The Working group, inter-alia , gave recommendations on the provisions related to the review of statement of investor complaints and timeline for disclosure of statement of deviation(s). Review of statement of investor complaints With regard to the provisions related to the review of statement of investor complaints , paragraph 4.16.3 and 4.16.4 of the Master Circular reads as under: "4.16.3. All complaints including SCORES complaints received by the InvIT shall be disclosed in the format mentioned in Annexure – 7 on the website of the InvIT and August 22, 2024 also filed with the recognized stock exchange(s), where its units are listed within 21 days from the end of financial year or end of quarter, as the case may be. 4.16.4. The Trustee and the Board of Directors/Governing Body of the Investment Manager, shall review the aforementioned statement, before submission of the same to the Stock Exchange(s), and shall