SECURITIES AND EXCHANGE BOARD OF INDIA (REAL ESTATE INVESTMENT TRUSTS) (AMENDMENT) REGULATIONS, 2017

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....Trusts) Regulations, 2014, namely,- 1. These regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2017. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014,- I. in sub-regulation (1) of regulation 2,- a. after clause (zta), the following new clause shall be inserted, namely- "(ztb) "strategic investor" means,- a. an infrastructure finance company registered with the Reserve Bank of India as a Non-Banking Financial Company; b. a Scheduled Commercial Bank; c. a multilateral and bilater....

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.... the existing proviso, a new proviso shall be inserted, namely - "Provided further that the compulsorily convertible securities, whose holding period has been included for the purpose of calculation for offer for sale, shall be converted to equity shares of the holdco or SPV, prior to filing of offer document." V. in regulation 18, - a. in sub-regulation (4), - i. the words "and/or income" shall be inserted after the word "rent" and before the words "generating properties". ii. in clause (b), the words "rent-generating" shall be substituted with the words "rent and/or income generating". b. the sub-regulation (8) shall be omitted. c. in sub-regulation (13), after the word "person" and before the symbol....