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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>Mandatory REIT unit listing required; failure to list triggers investor interest compensation and holding limits apply.</h1> Units of SM REIT schemes must be mandatorily listed on recognised nationwide stock exchanges and allotted within Board specified timelines; failure by the investment manager to allot or list within those timelines attracts interest payable to investors that cannot be recovered as fees. Listing must comply with the listing agreement and exchange bye laws for trading, clearing and settlement. A person other than the investment manager, its related parties and associates may not hold units exceeding twenty five per cent of outstanding units, and pre offer holders other than the investment manager must hold units for at least one year from listing, subject to Board circulars.

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