Virtual meetings for REIT unit holders allowed with mandatory safeguards for participation, remote e voting, disclosure and monitoring. Managers of REITs may conduct unit holder meetings through Video Conferencing or Other Audio Visual Means subject to procedural safeguards: maintain and upload recorded transcripts; schedule with regard to time zones; provide two way participation and question facilities; keep joining open at least fifteen minutes before and after start time; provide remote e voting before the meeting and in meeting e voting for those who have not voted remotely; chairperson must record that reasonable efforts to enable participation and voting were made; require attendance of an independent director and the auditor; and notify the stock exchange and trustee of the meeting format.
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.
Virtual meetings for REIT unit holders allowed with mandatory safeguards for participation, remote e voting, disclosure and monitoring.
Managers of REITs may conduct unit holder meetings through Video Conferencing or Other Audio Visual Means subject to procedural safeguards: maintain and upload recorded transcripts; schedule with regard to time zones; provide two way participation and question facilities; keep joining open at least fifteen minutes before and after start time; provide remote e voting before the meeting and in meeting e voting for those who have not voted remotely; chairperson must record that reasonable efforts to enable participation and voting were made; require attendance of an independent director and the auditor; and notify the stock exchange and trustee of the meeting format.
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