SEBI Mandates InvITs & REITs to Hold Securities of Holding Cos. and SPVs in Demat Form Only
- Blog|News|Company Law|
- < 1 minute
- By Taxmann
- |
- Last Updated on 24 May, 2023
Latest from Taxmann
Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/75 &76 Dated 22-05-2023
With a view to promote dematerialization of securities, encouraging ease of doing business, improve transparency in the dealings of securities of Hold Cos/ SPVs, the SEBI has mandated that InvITs & REITs shall hold the securities of Hold Cos and SPVs in dematerialized form only.
The Investment manager of the InvIT and Manager of the REIT shall ensure the dematerialisation of the securities of the SPVs/ Hold Cos.
Further, for existing securities holdings by InvITs & REITs in Hold Cos and SPVs in physical form, the Investment manager of the InvIT & REITs are directed to dematerialize the same on or before June 30, 2023. This circular shall come into force with immediate effect.
Click Here To Read The Full Circular
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
