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SEBI Regulates InvIT Auditor Tenure at Five Years
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Securities Appellate Tribunalcorporate

SEBI Regulates InvIT Auditor Tenure at Five Years

August 31, 2026

The SEBI has fixed the tenure of auditors for Infrastructure Investment Trusts (InvITs) at five years post the 2023 amendment, without allowing for a shorter term.

SEBI Regulates InvIT Auditor Tenure

The Securities and Exchange Board of India (SEBI) has issued a regulation stipulating that the tenure of auditors for Infrastructure Investment Trusts (InvITs) is now fixed at five years following the 2023 amendment. This regulation aims to enhance the accountability and quality of audits within the framework of InvITs.

The decision to standardize the auditor's term at five years is designed to ensure consistency and prevent frequent changes that could impair the quality of audit oversight. This regulatory move responds to evolving market dynamics and the need for more rigorous financial governance in the investment trusts sector.

Legal practitioners involved in compliance and corporate governance should be mindful of this new regulation, as it may influence various strategic decisions regarding auditor appointments in InvITs going forward.

Citations

  • SEBI Regulation 10(6) (2023) SEBI Gazette Page 15
Practice Areas:corporate

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