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        SEBI

        Regulation 17I - Trustee of the employee benefit trust

        Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014
        Chapter IVA
        FRAMEWORK FOR UNIT BASED EMPLOYEE BENEFIT SCHEME

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        Trustee eligibility for employee benefit trusts: registered debenture trustees only; REIT trustees and trust-held units barred from voting. Trustee eligibility for employee benefit trusts requires the trustee to be a registered debenture trustee; the REIT's trustee cannot serve as trustee of the employee benefit trust; and neither the trust nor its trustee may vote on REIT units held by the trust.
                        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.

                              Trustee eligibility for employee benefit trusts: registered debenture trustees only; REIT trustees and trust-held units barred from voting.

                              Trustee eligibility for employee benefit trusts requires the trustee to be a registered debenture trustee; the REIT's trustee cannot serve as trustee of the employee benefit trust; and neither the trust nor its trustee may vote on REIT units held by the trust.


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