Voting threshold recalibration now counts unit holders present and voting, including electronic votes, altering approval mechanics. The amendments standardize the trading lot for units, set minimum distribution frequencies (semi annual for publicly offered InvITs; annual for privately placed InvITs) with a defined record date and short payment timeline, revise voting thresholds to be calculated on the basis of unit holders present and voting (including electronic and postal votes), permit shorter meeting notice upon high consent, require remote audiovisual attendance and remote electronic voting for unit holder meetings, and impose strengthened electronic recordkeeping and business continuity obligations on investment managers and trustees.
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Voting threshold recalibration now counts unit holders present and voting, including electronic votes, altering approval mechanics.
The amendments standardize the trading lot for units, set minimum distribution frequencies (semi annual for publicly offered InvITs; annual for privately placed InvITs) with a defined record date and short payment timeline, revise voting thresholds to be calculated on the basis of unit holders present and voting (including electronic and postal votes), permit shorter meeting notice upon high consent, require remote audiovisual attendance and remote electronic voting for unit holder meetings, and impose strengthened electronic recordkeeping and business continuity obligations on investment managers and trustees.
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