Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Regulation 17D: Employee Trusts Limited in REIT Unit Trading and Acquisition; Unitholder Approval Required</h1> Regulation 17D of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, outlines the framework for secondary acquisition by employee benefit trusts. It prohibits using the trust for trading REIT units and limits annual secondary acquisition to 2% of total outstanding units. The trust's total holdings from secondary acquisitions cannot exceed 5% of outstanding units, excluding new issues or gifts. Unitholder approval is required, and units must be held for at least six months. The trust must disclose acquisition periods in advance, and employees cannot sell units during these periods. Depositories must impose a lock-in on employee holdings during acquisition periods.
TaxTMI 
TaxTMI 
