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

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....017 No. SEBI/LAD-NRO/GN/2017-18/022.─In exercise of the powers conferred by section 30 read with sections 11 and 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, namely,- 1. These regulations may be called th....

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....o investor, who invest, either jointly or severally, not less than five per cent. of the total offer size of the REIT or such amount as may be specified by the Board from time to time, subject to the compliance with the applicable provisions, if any, of the Foreign Exchange Management Act, 1999 and the rules or regulations or guidelines made thereunder;" b. in clause (zz), the definition of the ....

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....be inserted after the words "equity shares" and before the words "or partnership interest". b. after 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 o....

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....lowing new sub-regulation shall be inserted as sub-regulation (1), namely - "(1) A REIT, whose units are listed on a recognized stock exchange, may issue debt securities in the manner specified by the Board: Provided that such debt securities shall be listed on recognized stock exchange(s)." b. the existing sub-regulations shall be re-numbered accordingly. VIII. the existing sub-regulation (....