https://www.taxtmi.com/circulars?id=65895 The circular amends REIT preferential-issue rules: units of the same class proposed to be allotted must be listed for at least six months prior to the notice calling the unitholders' meeting; institutional investors who are sponsors, managers, related parties, or associates are barred from allotment, except that sponsors may be allotted the unsubscribed portion of an institutional placement only where most of the issue is otherwise subscribed, the issue's object is acquisition of assets from that sponsor, allotted units to the sponsor are subject to the prescribed lock-in, and unitholder approval is secured. en-us Wed, 28 Sep 2022 00:00:00 +0530 Thu, 29 Sep 2022 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65895 The circular amends REIT preferential-issue rules: units of the same class proposed to be allotted must be listed for at least six months prior to the notice calling the unitholders' meeting; institutional investors who are sponsors, managers, related parties, or associates are barred from allotment, except that sponsors may be allotted the unsubscribed portion of an institutional placement only where most of the issue is otherwise subscribed, the issue's object is acquisition of assets from that sponsor, allotted units to the sponsor are subject to the prescribed lock-in, and unitholder approval is secured. Circulars SEBI Wed, 28 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65895