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TMI BlogRights and responsibilities of trusteeX X X X Extracts X X X X X X X X Extracts X X X X ..... ets in trust for the benefit of the unit holders in accordance with the trust deed and these regulations. (2) The Trustee shall enter into an investment management agreement with the manager on behalf of the REIT. (3) The trustee shall oversee activities of the manager in the interest of the unit holders, ensure that the manager complies with regulation 10 and shall obtain compliance certificate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cordance with sub-regulation (16) of regulation 18 and ensure that the manager makes timely declaration of distributions to the unit holders. (8) The trustee may require the manager to set up such systems and submit such reports to the trustees, as may be necessary for effective monitoring of the performance and functioning of the REIT. (9) The trustee shall ensure that subscription amount is ke ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... change, the trustee shall obtain approval from unit holders in accordance with regulation 22 and approval from the Board; (b) the trustee shall appoint the new manager within three months from the date of termination of the earlier investment management agreement; (c) the previous manager shall continue to act as such at the discretion of trustee till such time as new manager is appointed; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is noticed, shall inform the same to the Board immediately in writing. (17) The trustee shall provide to the Board and to the designated stock exchange such information as may be sought by the Board or by the designated stock exchange pertaining to the activity of the REIT. (18) The trustee shall immediately inform to the Board in case any act which is detrimental to the interest of the unit ho ..... X X X X Extracts X X X X X X X X Extracts X X X X
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