Delisting of units
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....ts held by the public in the scheme of the SM REIT falls below the limits specified under sub-regulation (2) of regulation 26ZF; (b) there are no projects or assets remaining under the scheme of the SM REIT for a period exceeding six months: Provided that the period may be extended by further six months, with the approval of unitholders in the manner as specified i....
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....nits, if it deems fit, may provide additional time to the SM REIT or parties to the SM REIT to comply with regulations. (4) The Board may reject the application for delisting and take any other action, as it deems fit, under these regulations or the Act for violation of the listing agreement or these regulations or the Act. (5) The procedure for delisting of units of scheme of....
TaxTMI