(1) The Board on being satisfied that the applicant fulfils, the requirements specified in regulation 4 shall send intimation to the applicant and on receipt of the payment of registration fees as specified in Schedule II, grant certificate of registration in Form B under Schedule I:
Provided that the Board may grant in-principle approval to the 67[trust], where it deems fit and on satisfaction of all requirements as specified in regulation 4, grant final registration to the 68[trust].
(2) The registration may be granted with such conditions as may be deemed appropriate by the Board.
Conditions of certificate
7. The certificate granted under regulation 6 shall, inter-alia, be subject to the following conditions,-
(a) the InvIT shall abide by the provisions of the Act and these regulations;
(b) the InvIT shall forthwith inform the Board in writing, if any information or particulars previously submitted to the Board are found to be false or misleading in any material particular or if there is any material change in the information already submitted;
(c) The InvIT and parties to the InvIT shall satisfy with the conditions specified in regulation 4 at all times;
(d) The InvIT and parties to the InvIT shall comply, at all times, with the Code of conduct as specified in the Schedule VI, wherever applicable.
67 Substituted for the word “applicants” by the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2018, w.e.f. 10.04.2018.
68 Substituted ibid for the word “applicant”.
19 Procedure where registration is refused