Question

According to SEBI regulations, what percentage of the total outstanding units of an InvIT or REIT is required for an Eligible Unitholder(s) to exercise board nomination rights?

A Not less than 5% Correct Answer Incorrect Answer
B Not less than 10% Correct Answer Incorrect Answer
C Not less than 15% Correct Answer Incorrect Answer
D Not less than 20% Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

SEBI regulations mandate that Eligible Unitholder(s) must hold at least 10% of the total outstanding units of an InvIT or REIT to exercise their board nomination rights. This threshold ensures that significant unitholders have a say in the governance of the Investment Manager.

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