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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NDSL- Reiteration of SEBI Circular on Status of SPVs post conclusion or termination of Concession Agreement

18-May-2026 | NSDL/POLICY/2026/0079

NSDL has reiterated SEBI Circular on status of SPVs post conclusion or termination of the concession agreement. Through this circular, the following conditions have been specified, which are to be followed by the investment manager for SPV holding an infrastructure project: 1. The Investment Manager shall either exit investment in SPV by way of sale/liquidation/winding-up/merger of such SPV, or acquire any new infrastructure project in SPV within one year from - completion/termination of concession agreement or such other agreement of a similar nature, or conclusion of all pending claims/litigations/tax assessments and related appeals, or completion of defect liability period, whichever is later. 2. The time taken to obtain relevant statutory or regulatory approvals for exiting investment shall be excluded from the timeline of one year. 3. Adequate disclosures must be made in the annual report, as specified in the document. Kindly refer to the attached document for more information.

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Recent Posts in Corporate Laws

Corporate Laws

IFSCA notifies International Financial Services Centres Authority (Electronic Trading Platforms) Regulations, 2026

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Industry Specific - Food Laws

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Local laws

Tamil Nadu enacts amendment to Town and Country Planning Act, 1971

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Tamil Nadu enacts Second Amendment to the Tamil Nadu Panchayats Act, 1994

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Notification regarding establishment of Indian Standards and their date of withdrawal of previous standards

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