Start learning 50% faster. Sign in now
To boost corporate governance norms, SEBI has notified rules introducing special rights to unitholders of REITs who can now nominate representatives on the boards. Also, the regulator has introduced the concept of a self-sponsored real estate investment trust (REIT). Further, the principles of stewardship code would apply to members, nominated by the unitholders, on the board of directors of investment managers of REIT. Unitholders holding not less than 10 per cent of the total outstanding units of the REIT, either individually or collectively, shall be entitled to nominate one director on the board of directors of the manager. The sponsor of InvIT/ REIT would be required to hold a certain minimum unitholding on a reducing scale for the entire life of the InvIT/ REIT & will collectively hold at least 15 per cent of the total units of the REIT, for three years from the date of listing of units in the initial offer. Any holding by the sponsor exceeding 15 per cent will be held for at least one year from the date of listing of units issued in the initial offer.
The Economic Survey 2023-24 mentions the need for innovative financing mechanisms. Which of the following is a proposed solution to boost clean energy i...
As per Economic Survey 2023-24, which village in Leh received its first tap water connection under the Jal Jeevan Mission in July 2022?
India’s rank has been improved in Global Innovation Index 2020 to 48th rank from _____ in 2019.
The Union Cabinet has approved the Clean Plant Programme with an investment of ₹1765.67 crore. What are the primary benefits expected from this progra...
The ‘Sampoornata Abhiyan’ has been launched to achieve 100% saturation of 12 key social sector indicators across all Aspirational Districts and Bloc...
Which company recently launched a new AI text-to-3D generator capable of building 3D models for real-world applications?
What was the primary technology used in the advanced water level monitoring system introduced by Northeast Frontier Railway?
Which of the following is NOT a key intervention facilitating SDG achievements in India?
Who has assumed the presidency of the Financial Action Task Force (FATF) for the term 2024-2026?
The ancient Greeks knew as early _________ 600 B.C. that when resin was rubbed with fur, it attracted light objects such as hair.