https://www.taxtmi.com/acts?id=35245 Regulation 49E requires real estate mutual fund schemes to allocate a substantial portion of net assets directly to real estate and, subject to that requirement, to invest predominantly in real estate assets, mortgage backed securities, and securities of companies engaged in real estate activities, with the balance in other securities. It establishes concentration ceilings by city, by single project, and against unlisted companies; limits holdings of issued capital and scheme exposure to unlisted securities; prohibits specified related party investments; forbids inter scheme transfers of real estate assets; and bars investment in assets previously owned or occupied by the sponsor, asset manager, or their associates within the prescribed prior period. en-us Sat, 19 Jan 2019 17:56:29 +0530 Fri, 06 Sep 2024 16:53:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35245 Regulation 49E requires real estate mutual fund schemes to allocate a substantial portion of net assets directly to real estate and, subject to that requirement, to invest predominantly in real estate assets, mortgage backed securities, and securities of companies engaged in real estate activities, with the balance in other securities. It establishes concentration ceilings by city, by single project, and against unlisted companies; limits holdings of issued capital and scheme exposure to unlisted securities; prohibits specified related party investments; forbids inter scheme transfers of real estate assets; and bars investment in assets previously owned or occupied by the sponsor, asset manager, or their associates within the prescribed prior period. Act-Rules SEBI Sat, 19 Jan 2019 17:56:29 +0530 https://www.taxtmi.com/acts?id=35245