Disclosure of financial information requires REITs to include audited historical financials, interim updates, projections, NDCF and auditor certification. Offer documents must present audited REIT financials for the last three completed years and, if required, interim statements not older than six months, prepared under Indian Accounting Standards and including balance sheet, profit and loss/income and expenditure, changes in unit holders' equity, cash flows, net assets at fair value, total returns at fair value and notes. Disclosures must cover property-wise rental income, earnings per unit, contingent liabilities, commitments, related party transactions, capitalisation statement, debt payment history, adjustments for errors or policy changes, and material-item disclosure under manager-determined materiality.
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Provisions expressly mentioned in the judgment/order text.
Disclosure of financial information requires REITs to include audited historical financials, interim updates, projections, NDCF and auditor certification.
Offer documents must present audited REIT financials for the last three completed years and, if required, interim statements not older than six months, prepared under Indian Accounting Standards and including balance sheet, profit and loss/income and expenditure, changes in unit holders' equity, cash flows, net assets at fair value, total returns at fair value and notes. Disclosures must cover property-wise rental income, earnings per unit, contingent liabilities, commitments, related party transactions, capitalisation statement, debt payment history, adjustments for errors or policy changes, and material-item disclosure under manager-determined materiality.
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