Amendment to Master Circular for Real Estate Investment Trusts (REITs) dated May 15, 2024 – Board nomination rights to unitholders of REITs

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..... itories Madam/Sir, Sub: Amendment to Master Circular for Real Estate Investment Trusts (REITs) dated May 15, 2024 Board nomination rights to unitholders of REITs 1. Para 18.2.2. (b) of Chapter 18, titled Board nomination rights to unitholders of REITs , of the Master Circular for Real Estate Investment Trusts dated May 15, 2024 requires as under: (b) Eligible Unitholder(s) shall be entitled to nom .....

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..... city of lender to the Manager or the REIT (or its HoldCo(s) or SPVs). 3. In order to promote ease of doing business and based on the request of the industry and recommendation of Hybrid Securities Advisory Committee (HySAC), it is proposed to insert the following proviso under under paragraph 18.2.2. (b) of Master Circular for Real Estate Investment Trusts dated May 15, 2024 : Provided that the ab .....

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..... ities and Exchange Board of India at www.sebi.gov.in under the category Legal and under the drop down Circulars . Yours faithfully Ritesh Nandwani Deputy General Manager Department of Debt and Hybrid Securities Tel No.022-26449696 Email id - [email protected] - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - ta .....

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