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TMI BlogRights and meetings of unit holdersX X X X Extracts X X X X X X X X Extracts X X X X ..... ons shall be calculated on the basis of unit holders present and voting. Explanation . The unit holders voting through the electronic voting facility and postal ballot shall be counted for the determination of unit holders present and voting; ] (b) the unitholders of the scheme shall have the right to vote in any unitholders meeting of that particular scheme of SM REIT; (c) in case the scheme of the SM REIT proposes to purchase a property or proposes to sell a property at a value which is greater than one hundred and five per cent. or less than ninety five per cent. of the value of property as assessed by the valuer respectively, approval from unitholders shall be required wherein votes cast in favour of the resolution shall be at least thr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in respect of issues pertaining to the trustee including change in the trustee, the trustee shall not be involved in any manner in the conduct of the meeting. 4 [ (h) for all unit holder meetings, the investment manager shall provide an option to the unit holders to attend the meeting through video conferencing or other audio visual means and the option of remote electronic voting in the manner as may be specified by the Board. ] (3) An annual meeting of unit holders of each scheme shall be held at least once every year, within one hundred and twenty days from the end of financial year and the time between two meetings shall not exceed fifteen months. (4) The investment manager or the trustee, as applicable, of the SM REIT shall conduct the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation (5) of regulation 26U; (c) any issue for which the Board or the recognized stock exchanges require such approval under this sub-regulation; (d) any issue, in the ordinary course of business, which in the opinion of the Investment Manager or Trustee, is material and requires approval of the unitholders. (10) Approval from the unitholders of the scheme of the SM REIT shall be required, where votes cast in favour of the resolution shall 7 [ be at least sixty per cent of the total votes cast for ] the resolution in case of the following items, (a) any change in investment manager including removal of the investment manager or change in control of the investment manager; (b) any material change in investment strategy or any change in the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... specified in accordance with these regulations. ] ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/166 dated 08-03-2024 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/208 dated 26-09-2024 w.e.f. 26-09-2024 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/2024/208 dated 26-09-2024 w.e.f. 26-09-2024 before it was read as, Provided that a meeting of the unit holders of each scheme may be called after giving shorter notice, if consent, in writing or by electronic mode, is accorded thereto, by not less than ninety-five per cent of the unit holders of the scheme entitled to vote at such meeting; 4. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/208 dated 26-09-2024 w.e.f. 26-09-2024 5. Substituted vi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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