RIGHTS OF UNIT HOLDERS, GENERAL OBLIGATIONS, DISCLOSURES AND REPORTINGSecurities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014
RIGHTS OF UNIT HOLDERS, GENERAL OBLIGATIONS, DISCLOSURES AND REPORTINGSecurities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014
Unit allotment to employee benefit trust requires shareholder approval and preferential-issue compliance to ensure exclusive employee-use. Regulation 17E requires that units allotted by a REIT to an employee benefit trust in lieu of management fees receive prior unitholder approval, be issued ... Summary
Unit allotment to employee benefit trust requires shareholder approval and preferential-issue compliance to ensure exclusive employee-use.
Regulation 17E requires that units allotted by a REIT to an employee benefit trust in lieu of management fees receive prior unitholder approval, be issued only once annually following the annual valuation, comply with the Board's preferential-issue guidelines, and be allotted directly so the units are used exclusively for the unit-based employee benefit scheme.
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