Minimum public unitholding compliance for REITs via prescribed issuance, sale, transfer and disclosure mechanisms under securities rules. Regulation 14(2A) mandates listed REITs to achieve a Minimum Public Unitholding within a specified period. The Manager may use prescribed mechanisms-issuance to public, offer for sale by Sponsors/Manager and related parties via offer document or secondary market, rights or bonus issues with forgoing of entitlements by Sponsors/Manager, institutional placement, conditional open market sales subject to volume and disclosure constraints, or transfers to an ETF-subject to advance announcement, undertakings, legal compliance, and stock exchange monitoring.
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.
Minimum public unitholding compliance for REITs via prescribed issuance, sale, transfer and disclosure mechanisms under securities rules.
Regulation 14(2A) mandates listed REITs to achieve a Minimum Public Unitholding within a specified period. The Manager may use prescribed mechanisms-issuance to public, offer for sale by Sponsors/Manager and related parties via offer document or secondary market, rights or bonus issues with forgoing of entitlements by Sponsors/Manager, institutional placement, conditional open market sales subject to volume and disclosure constraints, or transfers to an ETF-subject to advance announcement, undertakings, legal compliance, and stock exchange monitoring.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
