Regulation 22 - Rights and meetings of unit holders
Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 Chapter VI RIGHTS OF UNIT HOLDERS, GENERAL OBLIGATIONS, DISCLOSURES AND REPORTING
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Unit holder voting thresholds govern approvals for REIT matters, with specified higher thresholds for managerial or material changes. Unit holders are entitled to distributions as per the offer document or trust deed. Matters requiring unit holder approval are decided by votes cast by ... Summary
Unit holder voting thresholds govern approvals for REIT matters, with specified higher thresholds for managerial or material changes.
Unit holders are entitled to distributions as per the offer document or trust deed. Matters requiring unit holder approval are decided by votes cast by unit holders present and voting, including electronic and postal votes, with specified thresholds depending on the category of matter. The manager ordinarily conducts meetings subject to trustee oversight, must provide electronic attendance and remote voting options, and annual meetings must be held within prescribed time limits to consider accounts, auditor and valuer appointments, and other specified issues. Higher approval thresholds and related-party voting exclusions apply to material transactions, changes in manager or trustee, delisting proposals, post-offer issuances and other non routine matters; dissenting unitholders may be given prescribed exit options where approvals are not obtained.
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