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[Cites 0, Cited by 0] [Section 18(5)] [Section 18] [Entire Act]

Securities And Exchange Board Of India - Subsection

Section 18(5)(b) in Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014

(b)not more than twenty per cent. of value of the [InvIT] [Inserted by Notification No. SEBI/LAD-NRO/G.N./2016-17/021, dated 29.11.2016 (w.e.f. 26.9.2014).] assets, [***] [Omitted 'proportionate to the holding of the InvITs' by Notification No. SEBI/LAD-NRO/G.N./2016-17/021, dated 29.11.2016 (w.e.f. 26.9.2014).], shall be invested in,-
(i)under-construction infrastructure projects, whether directly or through [holdco and/or] [Inserted by Notification No. SEBI/LAD-NRO/G.N./2016-17/021, dated 29.11.2016 (w.e.f. 26.9.2014).] SPVs: