Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014

Chapter: I
PRELIMINARY
Regulation 1	:	Short title and commencement
Regulation 2	:	Definitions
Chapter: II
REGISTRATION OF REAL ESTATE INVESTMENT TRUSTS
Regulation 3	:	Registration of real estate investment trusts
Regulation 4	:	Eligibility criteria.
Regulation 5	:	Furnishing of further information, clarification and personal representation.
Regulation 6	:	Procedure for grant of certificate.
Regulation 7	:	Conditions of certificate.
Regulation 7A	:	De-classification of the status of sponsor (Omitted)
Regulation 8	:	Procedure where registration is refused.
Chapter: III
RIGHTS AND RESPONSIBILITIES OF PARTIES TO THE REIT, VALUER AND AUDITOR
Regulation 9	:	Rights and responsibilities of trustee
Regulation 10	:	Rights and responsibilities of manager
Regulation 11	:	Rights and responsibilities of sponsor(s) and sponsor group(s)
Regulation 12	:	Rights and responsibilities of the valuer
Regulation 13	:	Rights and responsibilities of the auditor
Chapter: IV
ISSUE AND LISTING OF UNITS
Regulation 14	:	Issue and allotment of units
Regulation 15	:	Offer document and advertisements
Regulation 16	:	Listing and trading of units
Regulation 17	:	Delisting of units
Chapter: IVA
FRAMEWORK FOR UNIT BASED EMPLOYEE BENEFIT SCHEME
Regulation 17A	:	Applicability
Regulation 17B	:	Nature of scheme and implementation of scheme through trust
Regulation 17C	:	Manner of receiving units by the employee benefit trust
Regulation 17D	:	Secondary acquisition
Regulation 17E	:	Manner of allotment of units to the employee benefit trust by the REIT
Regulation 17F	:	Role of nomination and remuneration committee
Regulation 17G	:	Variation of terms of the scheme
Regulation 17H	:	Listing
Regulation 17I	:	Trustee of the employee benefit trust
Regulation 17J	:	Insider trading norms
Regulation 17K	:	Other requirements
Regulation 17L	:	Disclosures
Chapter: V
INVESTMENT CONDITIONS, RELATED PARTY TRANSACTIONS, BORROWING AND VALUATION OF ASSETS
Regulation 18	:	Investment conditions and distribution policy
Regulation 19	:	Related party transactions
Regulation 20	:	Borrowings and deferred payments
Regulation 21	:	Valuation of assets
Chapter: VI
RIGHTS OF UNIT HOLDERS, GENERAL OBLIGATIONS, DISCLOSURES AND REPORTING
Regulation 22	:	Rights and meetings of unit holders
Regulation 22A	:	Dispute Resolution
Regulation 23	:	Disclosures
Regulation 24	:	Submission of reports to the Board
Regulation 25	:	Power to call for information
Regulation 26	:	Maintenance of records
Chapter: VIA
OBLIGATIONS OF THE MANAGER
Regulation 26A	:	Application of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 26B	:	Additional Requirements
Regulation 26C	:	Vigil Mechanism
Regulation 26D	:	Secretarial Compliance Report
Regulation 26E	:	Quarterly Compliance Report on Corporate governance
Regulation 26F	:	Grievance Redressal Mechanism
Chapter: VIB
SMALL AND MEDIUM REITS
Regulation 26G	:	Small And Medium Reits
Regulation 26H	:	Definitions
Regulation 26I	:	Registration of SM REIT
Regulation 26J	:	Eligibility criteria
Regulation 26K	:	Furnishing of further information, clarification and personal representation
Regulation 26L	:	Procedure for grant of certificate
Regulation 26M	:	Conditions of certificate
Regulation 26N	:	Migration of existing persons, entities or structures
Regulation 26O	:	Procedure where registration is refused
Regulation 26P	:	Eligible issuers
Regulation 26Q	:	Appointment of merchant banker.
Regulation 26R	:	Conditions for initial offer
Regulation 26S	:	Disclosure in scheme offer document
Regulation 26T	:	Investment conditions
Regulation 26U	:	Modes of fund raising
Regulation 26V	:	Maintenance of website
Regulation 26W	:	Issue period
Regulation 26X	:	Dematerialization
Regulation 26Y	:	Subscriptions from investors
Regulation 26Z	:	Advertisements
Regulation 26ZA	:	Prohibition on payment of incentives
Regulation 26ZB	:	Lock-in requirements
Regulation 26ZC	:	Allotment procedure and basis of allotment
Regulation 26ZD	:	Allotment and listing
Regulation 26ZE	:	Filing of post issue report
Regulation 26ZF	:	Minimum public unitholding
Regulation 26ZG	:	Maintenance of books and records on book building process
Regulation 26ZH	:	Other obligations of post-issue merchant banker
Regulation 26ZI	:	Delisting of units
Regulation 26ZJ	:	Valuation of assets
Regulation 26ZK	:	Distributions
Regulation 26ZL	:	Related party transactions
Regulation 26ZM	:	Rights and meetings of unit holders
Regulation 26ZN	:	Investor Grievance Redress
Chapter: VII
INSPECTION
Regulation 27	:	Boards right to inspect
Regulation 28	:	Notice before inspection
Regulation 29	:	Obligation of REIT, parties to the REIT and any other associate persons on inspection
Regulation 30	:	Submission of report to the Board
Regulation 31	:	Communication of findings etc. to the REIT
Chapter: VIII
PROCEDURE FOR ACTION IN CASE OF DEFAULT
Regulation 32	:	Liability for action in case of default
Chapter: VIII-A
POWER TO RELAX STRICT ENFORCEMENT OF THE REGULATIONS
Regulation 32A	:	Exemption from enforcement of the regulations in special cases
Chapter: IX
MISCELLANEOUS
Regulation 33	:	Power of the Board to issue clarifications
Regulation 33A	:	Power to relax strict enforcement of Regulations
Regulation 34	:	Amendments to other regulations
SCHEDULE
Schedule-01	:	Application for Grant of Certificate of Registration as Real Estate Investment Trust
Schedule-01A	:	Forms Applicable To SM REITS
Schedule-02	:	Fees to be paid with respect to registration as a REIT
Schedule-02A	:	Fees to be paid with Respect to Registration as SM REIT
Schedule-03	:	Mandatory Disclosures in Initial Offer Document/Follow On Offer Document
Schedule-04	:	Mandatory Disclosures
Schedule-05	:	Mandatory Minimum Disclosures in Full Valuation Report
Schedule-06	:	Code of Conduct for REIT And Parties to the REIT
Schedule-07	:	Amendment To Securities And Exchange Board of India (Alternative Investment Funds) Regulations, 2012
Schedule-08	:	Governance Norms
Schedule-09	:	Stewardship Code
Schedule-10	:	Minimum Provisions in Trust Deed