The Securities and Exchange Board of India (SEBI) on May 16, 2023, issued the Consultation paper on Special Rights and Role of Sponsor in REITs and InvITs
The following has been stated namely: -
• The objectives of the paper are: -
1. To empower unit holders of REITs and InvITs to monitor their investment in REIT/InvIT and aid in decision-making.
2. To make applicable principles of stewardship code to members nominated by the unitholders on the Board of Directors of Manager/Investment Manager of REIT/InvIT and/or Unitholders Council.
3. Proposes the concept of Self-sponsored REIT/InvIT
• The comments may be sent by May 29, 2023, to the following: -
1. Ritesh Nandwani, DGM – [email protected]
2. Pawan Kumar Chowdhary, AGM – [email protected]
3. Barun Gurani, AM – [email protected]
