Regulatory directions: Board may require delisting, asset sale, investor-protective actions after inspection and hearing. The regulation empowers the Board, after inspection and a reasonable opportunity of hearing to the REIT or its parties, to issue binding directions in the ... Summary
Regulatory directions: Board may require delisting, asset sale, investor-protective actions after inspection and hearing.
The regulation empowers the Board, after inspection and a reasonable opportunity of hearing to the REIT or its parties, to issue binding directions in the interest of the securities market and investors, including requiring delisting and surrender of registration, sale of assets, investor-protective actions by the REIT or parties, and prohibition from operating in or accessing the capital market for a specified period.
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