Minimum public unitholding requirement mandates public offer and holding for SM REIT schemes; non compliance may prompt delisting. Each SM REIT scheme must offer, allot and maintain a prescribed proportion of its total outstanding units as public holding; failure to meet this minimum public unitholding empowers the Board and the designated stock exchange to take specified enforcement actions, including delisting of units under the relevant delisting provision.
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.
Minimum public unitholding requirement mandates public offer and holding for SM REIT schemes; non compliance may prompt delisting.
Each SM REIT scheme must offer, allot and maintain a prescribed proportion of its total outstanding units as public holding; failure to meet this minimum public unitholding empowers the Board and the designated stock exchange to take specified enforcement actions, including delisting of units under the relevant delisting provision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.