Enumerate the rules for distribution of cash flows by InvIT.

With respect to distributions made by the InvIT and the Holding company (Holdco) and/or SPV: not less than 90% of net distributable cash flows of the SPV shall be distributed to the InvIT/ Holdco in proportion of its holding in the SPV subject to applicable provisions in Companies Act, 2013 or Limited Liability Partnership Act, 2008; not less than 90% of net distributable cash flows of the InvIT shall be distributed to the unit holders; such distributions shall be declared and made not less than once every six months in every financial year in case of publicly offered InvITs and not less than once every year in case of privately placed InvITs and shall be made not later than 15 days from the date of such declaration; subject to above condition, such distribution shall be in the manner as mentioned in the offer document or placement memorandum.