https://www.taxtmi.com/acts?id=43514 The regulation permits an employee benefit trust to receive REIT units for unit based employee benefits when the manager takes management fees in units, when a manager shareholder (or sponsor group/associates, where applicable) transfers units, or when the manager transfers units; such transfers from shareholders or the manager must be irrevocable gifts. Subordinate units are ineligible. The trust may use cash from distributions, trust income, or exercise prices to acquire REIT units from the secondary market or fresh issuances for scheme purposes, subject to primary market minimum lot rules. en-us Wed, 17 Jul 2024 15:05:05 +0530 Tue, 27 Aug 2024 16:59:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=43514 The regulation permits an employee benefit trust to receive REIT units for unit based employee benefits when the manager takes management fees in units, when a manager shareholder (or sponsor group/associates, where applicable) transfers units, or when the manager transfers units; such transfers from shareholders or the manager must be irrevocable gifts. Subordinate units are ineligible. The trust may use cash from distributions, trust income, or exercise prices to acquire REIT units from the secondary market or fresh issuances for scheme purposes, subject to primary market minimum lot rules. Act-Rules SEBI Wed, 17 Jul 2024 15:05:05 +0530 https://www.taxtmi.com/acts?id=43514