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        SEBI

        Regulation 32 - Liability for action in case of default

        Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014
        Chapter VIII
        PROCEDURE FOR ACTION IN CASE OF DEFAULT

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        Liability for default: REITs and associated persons face regulatory action, including measures under intermediary regulations. Liability for default attaches to a REIT, parties to the REIT or any other person involved in REIT activities who contravenes the Act, these Regulations, or Board-issued notifications, guidelines, circulars or instructions, and such contraventions expose the defaulting person to one or more specified actions, including measures under the SEBI (Intermediaries) Regulations, 2008.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Liability for default: REITs and associated persons face regulatory action, including measures under intermediary regulations.

                              Liability for default attaches to a REIT, parties to the REIT or any other person involved in REIT activities who contravenes the Act, these Regulations, or Board-issued notifications, guidelines, circulars or instructions, and such contraventions expose the defaulting person to one or more specified actions, including measures under the SEBI (Intermediaries) Regulations, 2008.


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