Regulation 7A - De-classification of the status of sponsor (Omitted) - Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014

2 [****] ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2020/16 dated 16-06-2020 2. Omitted vide Notification No. SEBI/LAD-NRO/GN/2023/144 dated 16-08-2023 before it was read as, 1 [De-classification of the status of sponsor 7A (1) De-classification of the status of a sponsor(s) of a REIT whose units have been listed on the stock exchanges for a period of three years shall be permitted upon receipt of an application from the REIT and subject to compliance with the following conditions: (a) The unit holding of such sponsor and its associates taken together does not exceed 10% of the outstanding units of the REIT; (b) The manager of the REIT is not an entity controlled by such sponsor or its associates; (c) The sponsor or its associates are not fugitive economic offender; (d) Approval of unit holders has been obtained in accordance with sub-regulation 5 of Regulation 22. ]