What is the capability criteria concerning the Trustee in InvITs?

Eligibility criteria for the grant of certificate for a trustee in the Infrastructure Investment Trusts (InvITs) are

1. That the trustee is registered with SEBI under SEBI (Debentures Trustees) Regulations, 1993 and is not an associate of the sponsor or manager
2. That the trustee has such wherewith with respect to infrastructure, personnel, etc. to the satisfaction of SEBI and in accordance with circulars specified by the Board.

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