Securities And Exchange Board Of India - Subsection
Section 18(3)(b) in Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014
(b)in case the SPV is a company [/LLP] [Inserted by Notification No. SEBI/LAD-NRO/G.N./2016-17/021, dated 29.11.2016 (w.e.f. 26.9.2014).], the investment manager, in consultation with the trustee, shall appoint [majority of] [Substituted 'not less than one authorized representative on' by Notification No. SEBI/LAD-NRO/G.N./2016-17/021, dated 29.11.2016 (w.e.f. 26.9.2014).] the board of directors or governing board of such SPVs [as applicable] [Inserted by Notification No. SEBI/LAD-NRO/G.N./2016-17/021, dated 29.11.2016 (w.e.f. 26.9.2014).];