Political contribution deductions require assessee-specific proof before cash-back allegations can justify disallowance or unexplained-money additions...
SEBI has amended the Master Circular for REITs dated May 15, 2024, implementing two key regulatory changes. First, lock-in provisions for preferential unit issuances have been modified to require only 15% of sponsor/sponsor group units to be locked-in for three years, with remaining units locked-in for one year. Inter-se transfers of locked-in units among sponsor group entities are now permitted, subject to continuation of lock-in periods. Second, comprehensive guidelines for follow-on offers by REITs have been introduced, including filing requirements, minimum public unitholding of 25%, allotment timelines, and disclosure requirements. These amendments, effective immediately, aim to promote ease of doing business while maintaining investor protection standards.
SEBI has amended the Master Circular for REITs dated May 15, 2024, implementing two key regulatory changes. First, lock-in provisions for preferential unit issuances have been modified to require only 15% of sponsor/sponsor group units to be locked-in for three years, with remaining units locked-in for one year. Inter-se transfers of locked-in units among sponsor group entities are now permitted, subject to continuation of lock-in periods. Second, comprehensive guidelines for follow-on offers by REITs have been introduced, including filing requirements, minimum public unitholding of 25%, allotment timelines, and disclosure requirements. These amendments, effective immediately, aim to promote ease of doing business while maintaining investor protection standards.
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