Question
SEBI has approved amendments to the
SEBI(Infrastructure Investment Trusts) Regulations, 2014 and SEBI (Real Estate Investment Trusts) Regulations, 2014 to provide nomination rights to unitholders holding______ or more of the total outstanding units of the InvIT/REIT, either individually or collectively, on the board of directors of the Investment Manager/Manager.Solution
The Securities and Exchange Board of India (SEBI) has approved a provision that ensures opinions of retail unitholders are fairly represented in the decisions taken by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs). It has approved amendments to the SEBI(Infrastructure Investment Trusts) Regulations, 2014 and SEBI (Real Estate Investment Trusts) Regulations, 2014 to provide nomination rights to unitholders holding 10 percent or more of the total outstanding units of the InvIT/REIT, either individually or collectively, on the board of directors of the Investment Manager/Manager. Presently, SEBI Regulations mandate the Sponsor to hold a minimum of 15 percent units for a period of at least three years from the date of listing of units. The Board also approved the proposal for introduction of self-sponsored Investment Manager/ Manager i.e. an Investment Manager/ Manager who also takes on the responsibilities of the Sponsor of InvIT/ REIT Some of the key conditions for conversion of Investment Manager/Manager to self-sponsored Investment Manager/Manager include minimum five years of listing, at least one of the sponsors proposing to disassociate to have been a sponsor of the InvIT/REIT for a minimum period of five years, and the existing sponsor or their associates to not own or control the Investment Manager, among others.
<p><p>The area of four walls of a room is 120 cm<sup>2</sup>. If the length and breadth of the room were...
The volume of a right circular cylinder is given as 64π√3 cm³. The radius of the cylinder's base is 4 cm. Determine the slant height of the cylinder...
The perimeter of 4 squares is 32 cm, 40 cm, 48 cm and 56 cm respectively. What will be the area of the square having perimeter equal to sum of edges of ...
The measure of the two times of supplement of an angle is 40° less than 7 times the measure of the complement of the same angle. Find the measures of t...
There is a carpet of length 20 m. How many small pieces of carpet, each of length 4 m, can be cut out of it?
The perimeter of a rectangular field is 480 meters and the ratio between the length and breadth is 5:3. The area of the field is:
The perimeter of a square field is 16 cm more than the perimeter of a rectangle. The length of the rectangle is 72 cm which is 300% of its width. If a s...
The sum of the total surface areas of two cubes is 1572 cm2. If the product of the length of their edges is 99 cm2, then find the ...
A square whose diagonal is 12√ 2cm is made base of the pyramid. if height of the pyramid is 15cm, then what is the total surface area of the pyramid.(...
The perimeter of a rhombus is 60 m and its height is 5 m. Its area is: