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 Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Circular: Exit Option Procedure for Dissenting REIT Unit Holders, Lead Manager Roles, and Escrow Requirements.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) outlines the procedure for providing an exit option to dissenting unit holders under the SEBI Real Estate Investment Trusts (REIT) Regulations, 2014. It mandates acquirers to appoint registered merchant bankers as lead managers to manage the exit offer, ensuring compliance with SEBI regulations. The lead managers must send a Letter of Offer to dissenting unit holders and file it with stock exchanges. The circular specifies the process, timelines, and conditions for the exit option, including the determination of exit price and maintenance of minimum public unit holding. It also details the escrow account requirements and due diligence responsibilities of the lead managers.
TaxTMI 
TaxTMI 
