Question

An InvITs is a collective Investment Scheme similar to

Q: Answer-An InvITs is a collective Investment Scheme similar to a mutual fund, which enables direct investmen...

reserve price means the price fixed by a Recovery Officer below which the asset shall not be sold.

a mutual fund, which enables direct investment of money from individual and institutional investors in infrastructure projects to earn a small portion of the income as a return. Which of the following are not part of InvITs Guidelines?

A “defaulter” means an entity against whom recovery proceedings are initiated under section 28A of the Securities and Exchange Board of India Act, 1992, section 23JB of the Securities Contracts (Regulation) Act, 1956 or section 19-IB of the Depositories Act, 1996.

B “Informant” means an individual who voluntarily furnishes Original Information to the Board in accordance with these Guidelines and as per the specified Form A annexed hereto.

C “Informant Reward Committee" means the Committee constituted as per paragraph 11 of these Guidelines.

D “Investor Protection and Education Fund” means the Investor Protection and Education Fund established by the Board under sub-section (5) of section 11 of the Securities and Exchange Board of India Act, 1992.

E “reserve price” means the price fixed by a Recovery Officer above which the asset shall be sold.

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