Question

To boost corporate governance norms, SEBI has notified rules introducing special rights to unitholders of REITs who can now nominate representatives on the boards.Unitholders holding not less than ______ 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.

A 7 percent
B 10 percent
C 15 percent
D 19 percent
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