TaxTMI 
TaxTMI 
Securities and Exchange Board of India (Real Estate Investment Trusts) (Third Amendment) Regulations, 2024.
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.... - 1. These regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Third Amendment) Regulations, 2024. 2. They shall come into force on the date of their publication in the Official Gazette: Provided that sub-regulation (1) of regulation 3 of these regulations shall come into force on the sixtieth day from the date of its publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, ─ (1) in regulation 18, (a) in sub-regulation (16), (i) in clause (c), A. the words "and made" shall be omitted; B. the words "not later than fifteen days from the date of such de....
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....rded thereto - i. in case of an annual meeting, by not less than ninety-five percent of the unit holders entitled to vote thereat; and ii. in case of any other meeting, by majority of the unitholders in number entitled to vote thereat and who represent not less than ninety-five percent of such part of the units by value as gives a right to vote at the meeting." (iv) after clause (e), the following clause shall be inserted, namely, - "(f) for all unit holder meetings, the manager shall provide an option to the unit holders to attend the meeting through video conferencing or other audio visual means and the option of remote electronic voting in the manner as may be specified by the Board." (b) in s....
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....ng days of such declaration" shall be substituted with the words "five working days from the record date" and the following shall be inserted as an explanation to clause (d), namely, - "Explanation. - For the purpose of above clause, record date for the payment of distribution shall be the date which is two working days from the date of the declaration of distribution (excluding the date of declaration and the record date)." (5) in regulation 26ZM, (a) in sub-regulation (2), (i) after clause (a) the following shall be inserted, namely, - "(aa) the voting threshold specified under these regulations shall be calculated on the basis of unit holders present and voting. Explanation. - Th....
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....rds "fifty per cent of the total votes cast for"; (d) in sub-regulation (10), the words "not be less than one and a half times the votes cast against" shall be substituted with the words "be at least sixty per cent of the total votes cast for". BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./529/2024-25] Footnotes: 1. The Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 was published in the Gazette of India on September 26, 2014 vide No. LAD-NRO/GN/2014/15/11/1576. 2. The Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 was subsequently amended by the - a. Securities and Exchange Board of India (Real Estate Investment Trust....
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....ent Trusts) (Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/28 with effect from July 30, 2021. j. Securities and Exchange Board of India (Regulatory Sandbox) (Amendment) Regulations, 2021 vide No. SEBI/LAD-NRO/GN/2021/30 with effect from August 03, 2021. k. Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2022 vide No. SEBI/LAD-NRO/GN/2022/100 with effect from November 9, 2022. l. Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2023 vide No. LAD-NRO/GN/2023/123 with effect from February 14, 2023. m. Securities and Exchange Board of India (Alternative Dispute Resolution Mechanism) (Amendment)....