https://www.taxtmi.com/notifications?id=141697 Creates a dedicated regulatory regime for Small and Medium Real Estate Investment Trusts (SM REITs) with definitions, registration in prescribed forms by an investment manager, eligibility criteria including net worth and experience, and mutatis mutandis application of REIT rules. Establishes scheme-level structures via wholly owned SPVs, mandatory draft scheme offer document filings through merchant bankers, asset and investor thresholds for offers, restrictions on investments to completed revenue-generating properties, leverage limits with credit rating and unitholder approval triggers, valuation and disclosure obligations, and detailed unitholder rights, lock-in and post-issue responsibilities. en-us Fri, 08 Mar 2024 00:00:00 +0530 Sat, 09 Mar 2024 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141697 Creates a dedicated regulatory regime for Small and Medium Real Estate Investment Trusts (SM REITs) with definitions, registration in prescribed forms by an investment manager, eligibility criteria including net worth and experience, and mutatis mutandis application of REIT rules. Establishes scheme-level structures via wholly owned SPVs, mandatory draft scheme offer document filings through merchant bankers, asset and investor thresholds for offers, restrictions on investments to completed revenue-generating properties, leverage limits with credit rating and unitholder approval triggers, valuation and disclosure obligations, and detailed unitholder rights, lock-in and post-issue responsibilities. Notifications SEBI Fri, 08 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141697