https://www.taxtmi.com/article/detailed?id=12317 Sponsors designated at application set up the REIT, must meet prescribed net worth and experience thresholds, and are required to transfer or undertake to transfer their interests in holdcos, SPVs or real estate assets to the REIT with adequate disclosure. Sponsors and sponsor groups must collectively maintain minimum unit holding thresholds over staged periods post listing, with those units locked in and generally unencumbered, and remain liable for acts, omissions, representations and covenants relating to formation and asset transfers to the REIT. en-us Tue, 13 Feb 2024 10:04:22 +0530 Tue, 13 Feb 2024 10:04:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12317 Sponsors designated at application set up the REIT, must meet prescribed net worth and experience thresholds, and are required to transfer or undertake to transfer their interests in holdcos, SPVs or real estate assets to the REIT with adequate disclosure. Sponsors and sponsor groups must collectively maintain minimum unit holding thresholds over staged periods post listing, with those units locked in and generally unencumbered, and remain liable for acts, omissions, representations and covenants relating to formation and asset transfers to the REIT. Articles Corporate Laws / IBC / SEBI Tue, 13 Feb 2024 10:04:22 +0530 https://www.taxtmi.com/article/detailed?id=12317