https://www.taxtmi.com/acts?id=43279 An SM REIT cannot make an initial offer where debarment, wilful default, fugitive economic offender status, or unpaid Board/stock-exchange fines exist in relation to the REIT, its parties, promoters or directors, subject to a proviso allowing expired debarments and an exclusion for directors appointed by debenture trustee nomination. Offers require that the proposed asset meets the prescribed asset-size requirement, ownership may be fulfilled before allotment if a binding acquisition agreement and disclosures/declarations to the Board and designated exchanges are made, and the scheme attains the prescribed minimum number of unitholders excluding the investment manager and related parties, with a migration exception for approved migration plans. en-us Mon, 11 Mar 2024 17:45:59 +0530 Thu, 24 Apr 2025 15:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43279 An SM REIT cannot make an initial offer where debarment, wilful default, fugitive economic offender status, or unpaid Board/stock-exchange fines exist in relation to the REIT, its parties, promoters or directors, subject to a proviso allowing expired debarments and an exclusion for directors appointed by debenture trustee nomination. Offers require that the proposed asset meets the prescribed asset-size requirement, ownership may be fulfilled before allotment if a binding acquisition agreement and disclosures/declarations to the Board and designated exchanges are made, and the scheme attains the prescribed minimum number of unitholders excluding the investment manager and related parties, with a migration exception for approved migration plans. Act-Rules SEBI Mon, 11 Mar 2024 17:45:59 +0530 https://www.taxtmi.com/acts?id=43279