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🚀 New: Section-Wise Filter ✕

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          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.

          <h1>De-classification of sponsor status permitted subject to unit-holding cap, manager independence, no fugitive offender, and unit-holder approval.</h1> De-classification of sponsor status permitted a sponsor of a listed REIT to relinquish sponsor designation after sustained listing, subject to conditions: the sponsor and associates' combined unit holding below a prescribed cap; the manager not controlled by the sponsor or associates; the sponsor and associates not being fugitive economic offenders; and obtaining unit holder approval as prescribed.

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