https://www.taxtmi.com/acts?id=43284 SM REIT schemes may raise capital only by issuing units, with foreign investment subject to RBI and Government guidelines. Leverage is permitted only if disclosed in the initial offer; leveraged schemes and their SPVs may borrow or issue debt securities under the non-convertible securities regulations. SPVs must receive equity from the scheme and may borrow from the scheme. Scheme-level borrowings and deferred payments net of cash and cash equivalents are capped at a prescribed proportion of scheme assets; exceeding an intermediate threshold requires a Board-registered issuer credit rating and unit holder approval. Refundable tenant deposits are excluded from borrowings and invested in liquid assets; cash equivalents are excluded from asset value. Breaches from asset price declines must be remedied within six months with trustee notification. en-us Mon, 11 Mar 2024 17:52:09 +0530 Thu, 24 Apr 2025 15:59:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43284 SM REIT schemes may raise capital only by issuing units, with foreign investment subject to RBI and Government guidelines. Leverage is permitted only if disclosed in the initial offer; leveraged schemes and their SPVs may borrow or issue debt securities under the non-convertible securities regulations. SPVs must receive equity from the scheme and may borrow from the scheme. Scheme-level borrowings and deferred payments net of cash and cash equivalents are capped at a prescribed proportion of scheme assets; exceeding an intermediate threshold requires a Board-registered issuer credit rating and unit holder approval. Refundable tenant deposits are excluded from borrowings and invested in liquid assets; cash equivalents are excluded from asset value. Breaches from asset price declines must be remedied within six months with trustee notification. Act-Rules SEBI Mon, 11 Mar 2024 17:52:09 +0530 https://www.taxtmi.com/acts?id=43284