Appointment of merchant banker: investment manager must engage Board-registered merchant banker(s) for REIT issuance compliance. The investment manager must appoint one or more merchant bankers registered with the Board to carry out the obligations relating to the issue, creating a procedural requirement for Board-registered merchant banker involvement in REIT securities issues; this requirement was inserted by a 2024 notification.
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Provisions expressly mentioned in the judgment/order text.
Appointment of merchant banker: investment manager must engage Board-registered merchant banker(s) for REIT issuance compliance.
The investment manager must appoint one or more merchant bankers registered with the Board to carry out the obligations relating to the issue, creating a procedural requirement for Board-registered merchant banker involvement in REIT securities issues; this requirement was inserted by a 2024 notification.
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