SEBI Amends REITs Regulations, 2014 | Introduces a New Chapter on ‘Small and Medium REITs’
- Blog|News|Company Law|
- < 1 minute
- By Taxmann
- |
- Last Updated on 12 March, 2024
Latest from Taxmann
Notification No. SEBI/LAD-NRO/GN/2024/166; Dated: 08.03.2024
SEBI has notified the SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2024. A new chapter VIB relating to ‘Small and Medium REITs’ has been inserted to the existing regulations.
The term “Small and Medium REIT” (SM REIT) refers to a REIT that pools money from investors under one or more schemes as per regulation 26P (2). The regulation specifies the eligibility criteria for making an offer of units of the scheme for SM REITs.
Further, SEBI has broadened the definition of REIT under regulation 2(zm) of the existing regulations. The term ‘REIT’ means a person that pools Rs. 50 crores or more to issue units to at least 200 investors to acquire and manage real estate assets or properties, which would entitle such investors to receive the income generated therefrom without giving them the day-to-day control over the management and operation of such real estate assets or properties.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
