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<h1>SEBI Amends REIT Regulations 2024: New Framework for Unit-Based Employee Benefit Schemes to Boost Transparency and Governance.</h1> The Securities and Exchange Board of India (SEBI) issued the Second Amendment to the Real Estate Investment Trusts (REITs) Regulations, 2024, introducing a framework for unit-based employee benefit schemes. This amendment allows REIT managers to offer unit options to employees through an employee benefit trust. The regulations specify the creation and management of such trusts, the manner of acquiring and allotting units, and the roles of nomination and remuneration committees. Additionally, the amendment outlines disclosure requirements, insider trading norms, and conditions for scheme variations. The changes aim to enhance transparency and governance in employee benefit schemes within REITs.