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....ies by the Board; (b) any of the promoters, promoter group or directors of the parties to the SM REIT are debarred from accessing the securities market or dealing in securities by the Board; (c) any of the promoters or directors of the parties to the SM REIT is a promoter or director of another company which is debarred from accessing the securities market by the Board; (....

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....ange: Provided further that nothing in clause (c) shall be applicable to a person who was appointed as a director only by virtue of nomination by a debenture trustee in other company. (2) No offer of units by a scheme of the SM REIT shall be made unless,- (a) the size of the asset proposed to be acquired in a scheme of the SM REIT is at least rupees fifty crores and less than r....

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Eligible issuers