Definitions

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... eans a company incorporated in India, which sets up SM REIT and manages assets and investments of the SM REIT and undertakes operational activities of the SM REIT; (b) "liquid net worth" means net worth deployed in liquid assets, which are unencumbered. 2[****] (c) "Small and Medium REIT" or "SM REIT" means a REIT that pools money from investors under one or more schemes in accordance with s .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... olds the assets of SM REIT and its schemes in trust and for the benefit of the unit holders, in accordance with these regulations.] ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/166 dated 08-03-2024 2. Omitted vide Notification No. SEBI/LAD-NRO/GN/2024/193 dated 09-07-2024 before it was read as, "Explanation. - For the purposes of this chapter, "liquid .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X