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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.
Which primary objective of the Pradhan Mantri Ayushman Bharat Yojana aims to alleviate the financial burden of healthcare on low-income households?
Which of the following organizations is NOT mentioned as a supporter or participant in the Global Biofuel Alliance?
Which of the following Statements about AMRUT is/are True?
I- It is the first focused national water Mission, which was launched in 500 cities an...
Which of the following Statements is/are Correct?
I- The CPI captures changes in price level at the consumer level.
II- Changes in prices ...
Which of the following is/are the functions of IMF?
I- To provide financial assistance to member countries with balance of payments problems, the...
How many traditional trades are initially covered under the 'PM Vishwakarma Yojana'?
What is the significance of geo-tagging assets under the e-Panchayat Mission Mode Project (MMP)?
Consider the following statements about “SVANidhi Scheme”:
I. The scheme was launched for the welfare of Street Vendors.
II. I...
Which international agreement regulates the production and consumption of ozone-depleting substances (ODS)?
In which month is the Rashtriya Poshan Maah celebrated annually?