9911796707
TMI BlogEncumbrance on units of Real Estate Investment Trusts (REITs)X X X X Extracts X X X X X X X X Extracts X X X X ..... t the manager shall disclose to the designated stock exchanges, unit holders and the Board such information and in the manner as may be specified by the Board.. A. Encumbrance on units 3. Entities required to hold units in terms of Regulation 11(3) of the REIT Regulations may create encumbrance on such units during the mandatory holding period wherein encumbrance shall include pledge, lien, negative lien, non-disposal undertaking etc. or any other covenant, transaction, condition or arrangement in the nature of encumbrance. Provided that the conditions for creation and invocation of encumbrance, provided in this circular, are also included in the agreement executed for the purpose of creation of such encumb ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ils in terms of clause 5 shall disclose such information to every stock exchange where units of the REIT are listed. 7. The format for disclosure of unit holding pattern as provided under Annexure B of SEBI circular No. IMD/DF/146/2016 dated December 29, 2016 stands modified to include the following details pertaining to sponsor(s) and sponsor group: Category Category of Unit Holder No. of Unit Held As a % of Total Outstanding Units No. of units mandatorily held Number of units pledged or otherwise encumbered ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls about the encumbrance Encumbrance (Date of creation of encumbrance: ______ ) Type of encumbrance No. and % of units encumbered No. of units: % of total outstanding units: Encumbered units as a % of total units held Period of encumbrance Name of the entity in whose favour units have been encumbered Purpose of borrowing Signature of Authorised Signatory: ..... X X X X Extracts X X X X X X X X Extracts X X X X
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