Regulations permit REITs to implement unit-based employee ...

REITs allowed employee benefit schemes via trust. Unitholder nod needed to introduce, exceed limits. Disclosure norms for explanatory statement, reports.

Notifications     SEBI

July 17, 2024

Regulations permit REITs to implement unit-based employee benefit schemes. Units can be issued, transferred or acquired by employee benefit trust for such schemes. Approval of unitholders required for introducing scheme, acquiring units, granting options exceeding specified limits. Detailed disclosure requirements prescribed for explanatory statement, annual report, stock exchanges. Trust deed for employee benefit trust to safeguard beneficiary interests. Nomination and remuneration committee to formulate scheme terms. Accounting policies and fair valuation methods specified. Lock-in, vesting period requirements stated. Procedure for corporate actions, termination cases outlined. Unappropriated inventory limits prescribed.

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