https://www.taxtmi.com/notifications?id=133198 The Regulations permit de-classification of sponsor status for REITs listed three years, subject to conditions: sponsor and associate holdings together not exceeding ten percent, the REIT manager not controlled by the sponsor or associates, sponsors not being fugitive economic offenders, and obtaining unit-holder approval as required under Regulation 22(5). They add the term "inducted sponsor," expand eligible sponsors to include insurance companies and mutual funds, cap non-sponsor investor subscription at twenty-five percent, and require seventy-five percent unit-holder approval for acquisitions exceeding twenty-five percent, with an exit option for dissenters if approval is not obtained. en-us Tue, 16 Jun 2020 00:00:00 +0530 Wed, 17 Jun 2020 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=133198 The Regulations permit de-classification of sponsor status for REITs listed three years, subject to conditions: sponsor and associate holdings together not exceeding ten percent, the REIT manager not controlled by the sponsor or associates, sponsors not being fugitive economic offenders, and obtaining unit-holder approval as required under Regulation 22(5). They add the term "inducted sponsor," expand eligible sponsors to include insurance companies and mutual funds, cap non-sponsor investor subscription at twenty-five percent, and require seventy-five percent unit-holder approval for acquisitions exceeding twenty-five percent, with an exit option for dissenters if approval is not obtained. Notifications SEBI Tue, 16 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/notifications?id=133198