Dematerialization requirement: REITs must hold and convert holdings in HoldCos and SPVs to demat form, enforced immediately. REITs must hold securities of their Hold Cos and SPVs only in dematerialized form, and the Manager of the REIT is required to ensure dematerialization of any existing physical securities of Hold Cos and SPVs by the prescribed cut-off; the directive is issued under the regulator's powers and takes effect immediately.
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.
Dematerialization requirement: REITs must hold and convert holdings in HoldCos and SPVs to demat form, enforced immediately.
REITs must hold securities of their Hold Cos and SPVs only in dematerialized form, and the Manager of the REIT is required to ensure dematerialization of any existing physical securities of Hold Cos and SPVs by the prescribed cut-off; the directive is issued under the regulator's powers and takes effect immediately.
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