Real Estate Investment Trust rules tweaked for faster payouts, easier voting & digital access.

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Full Text of the Document

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....This notification amends the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014. Key changes include: Modifying timelines for distribution payment to unitholders, revising voting thresholds for approval of resolutions, allowing shorter notice for unitholder meetings with consent, mandating option for video conferencing and remote e-voting, maintaining electronic records with backup and business continuity plans. It streamlines operational aspects related to distributions, voting procedures, meetings, and record maintenance for greater efficiency and unitholder participation.....