The Securities and Exchange Board of India (SEBI) on December 09, 2023, issued a Consultation Paper on the Framework for the issuance of subordinate units and Unit Based Employee Benefits - REITs and InvITs.
The objective of this consultation paper is to seek comments/views/suggestions from the public on the following proposals:
• Framework for issuance of subordinate units by REITs and InvITs to sponsor(s), their associates and sponsor group.
• Framework for Unit Based Benefits for the employees of the Manager of REIT and Investment Manager of InvIT.
The comments on the Consultation paper (CP) may be sent by December 29, 2023.
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