TaxTMI 
TaxTMI 
Minimum Provisions in Trust Deed
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.... that: (i) the trustee shall act in the interest of employees who are beneficiaries of the trust subject to provisions of these regulations, (ii) the trustee shall not act in any manner or include any provision in the trust deed that would be detrimental to the interests of the beneficiaries. 5. Such other clauses that are necessary for safeguarding the interests of the beneficiaries and such other clauses that may be specified by the Board. Part B - Terms and Conditions of schemes to be formulated by the Nomination and remuneration committee [See regulation 17F (2)] The nomination and remuneration committee is required to formulate the detailed terms and conditions of the schemes which shall, inter alia, include the following provisions: a. the quantum of options per employee and in aggregate under a scheme; b. the conditions under which options may vest in employees and may lapse in case of termination of employment for misconduct; c. the exercise period within which the employee can exercise the options and that options would lapse on failure to exercise the same within the exercise period; d. the specified ....
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.... l. maximum percentage of secondary acquisition (subject to limits specified under the regulations) that can be made by the trust for the purposes of the scheme(s); m. a statement to the effect that the manager shall conform to the accounting policies specified in regulation 17K(7); n. the method which the manager shall use to value the options; o. period of lock-in. Part D - Information required in the statement to be filed with recognised Stock Exchange(s) [See regulation 17H(1)(b)] Description of Schemes 1. Unit Capital of the REIT as on date of institution of the scheme/ amendment of the scheme. 2. Date of institution of the scheme/ amendment of the scheme. 3. Validity period of the scheme. 4. Date of notice of unitholders meeting for approving the scheme/for amending the scheme/for approving grants under regulation 22(6)(m) of these regulations. 5. Date of unitholders meeting approving the scheme/amending the scheme/approving grants under regulation 22(6)(m) of these regulations. 6. Kinds of benefit granted under the scheme. 7. Identity of classes of persons eligible under the scheme: (a) Employees, ....
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.... therefor and the details of the employees who are beneficiary of such variation: Sd/- Company Secretary / Compliance Officer Place: Date: Documents to be filed with registration statement 1. Copy of scheme, certified by the Company Secretary / Compliance Officer. 2. Copy of notice of unitholder meeting approving the scheme/for amending the scheme/for approving grants under 22(6)(m) of these regulations certified by the Company Secretary / Compliance Officer. 3. Copy of resolution of unitholders for approving the scheme/ for amending the scheme/for approving grants under sub-regulation (6) of regulation 22 of these regulations certified by the Company Secretary / Compliance Officer. 4. List of sponsors as defined under these regulations. 5. Copy of latest Annual Report of the REIT. 6. Certificate of Secretarial Auditor on compliance with these regulations. 7. Specimen copy of unit certificate, if applicable. 8. Any other relevant documents. Undertakings The undersigned investment manager hereby undertakes: 1. To file, a post-effective amendment to this statement to include any material information with respect to the scheme of distrib....
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....any lock-in on the units : 16. Date of expiry of lock-in : 17. Details of listing fees, if payable: Signature of Company Secretary/Compliance Officer Date: Place: Part F - Disclosures in the annual report of the REIT [See regulation 17L(1)] The manager in the annual report of the REIT shall disclose any material change in the scheme(s) and whether the scheme(s) is / are in compliance with the regulations. Further, the following details, inter alia, shall be disclosed on the REIT's website and a web-link thereto shall be provided in the annual report. A. Relevant disclosures in terms of the accounting standards prescribed by the Central Government in terms of section 133 of the Companies Act, 2013 (18 of 2013) including the 'Guidance note on accounting for employee share-based payments' issued in that regard from time to time. B. Details related to Unit Option Scheme (i) A description of each unit option scheme that existed at any time during the year, including the general terms and conditions of each unit option scheme, including - (a) Date of unitholders' approval (b) Total number of options approved un....
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....lity was determined, including an explanation of the extent to which expected volatility was based on historical volatility; and (d) whether and how any other features of the options granted were incorporated into the measurement of fair value, such as a market condition. C. Details related to Trust (i) The following details, inter alia, in connection with transactions made by the Trust meant for the purpose of administering the schemes under the regulations are to be disclosed: (ii) General information on all schemes Sl. No. Particulars Details 1. Name of the Trust 2. Details of the Trustee 3. Any other contribution made to the Trust during the year (iii) Brief details of transactions in units by the Trust (a) Number of units held at the beginning of the year; (b) Number of units acquired during the year through (i) primary issuance (ii) secondary acquisition, also as a percentage of unit capital as at the end of the previous financial year, along with information on weighted average cost of acquisition per unit; (c) Number of units transferred to the....