Indian capital markets regulator (SEBI) approved real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) framework (India’s very own framework for Business Trusts).  This offers a new asset class for investors as also a new source of financing to India’s real estate and infrastructure industry.

Broad scope of trustee services envisaged for business trusts:

  • Structuring from legal and taxation perspective
  • Transfer of assets and listing assistance
  • Setting up of operational framework and common platform for participants including sponsor(/s), investor(/s), investment manager, principal value, project manager and stock exchange
  • Oversight of activities of the business trust under regulatory framework
  • Legal due diligence on assets and monitoring the flow of funds
  • Convening meetings of unit holders and maintenance of records
  • Investor relationship activity including review of unit holder’s complaints and their redressal
  • Regulatory compliance and reporting
  • Annual administration during the life of the trust