Securities And Exchange Board Of India - Subsection
Section 12(3)(i) in Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014
(i)[ sponsor(s) would be responsible for all acts, omissions and representations/covenants of the InvIT related to formation of InvIT, sale/ transfer of assets/holdco/SPV to the InvIT. [Inserted by Notification No. SEBI/LAD-NRO/G.N./2016-17/021, dated 29.11.2016 (w.e.f. 26.9.2014).]