Regulation 26M - Conditions of certificate - Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014

1 [ Conditions of certificate. 26M. (1) The certificate granted under this chapter shall be subject to such conditions as the Board may deem appropriate, including, (a) the SM REIT shall abide by the provisions of the Act and these regulations; (b) the SM REIT shall adhere to the migration plan, if applicable, submitted by it to the Board at the time of application for certificate of registration under this chapter; (c) the SM REIT shall forthwith inform the Board in writing, if any information or particulars previously submitted to the Board are found to be false or misleading in any material particular or if there is any material change in the information already submitted; (d) the SM REIT and the parties to the SM REIT shall satisfy the conditions specified in this chapter at all times; and (e) the SM REIT and the parties to the SM REIT shall comply, at all times, with the Code of conduct as specified in the Schedule VI, wherever applicable. (2) If the SM REIT fails to make an initial offer of a scheme within three years from the date of registration with the Board, it shall surrender its certificate of registration to the Board and cease to operate as an SM REIT: Provided that the Board, if it deems fit, may extend the period for making an initial offer of a scheme, by up to one year: Provided further that nothing in this sub-regulation shall prevent the SM REIT from re-applying for registration. ] ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/166 dated 08-03-2024