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of <h1>SEBI Allows REITs to Hold Unit Holder Meetings via Video Conferencing to Boost Participation and Improve Governance.</h1> The circular issued by SEBI permits Real Estate Investment Trusts (REITs) to conduct unit holder meetings via Video Conferencing or Other Audio-Visual means. This decision aims to enhance participation by accommodating unit holders regardless of location. Specific procedures are mandated, including maintaining meeting transcripts, considering time zones, enabling two-way communication, and ensuring e-voting capabilities. Notices must include instructions for accessing the meeting and voting. The circular emphasizes compliance with existing regulations and requires disclosure to stock exchanges. The initiative is intended to improve governance and facilitate decision-making processes within REITs.
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