TMI BlogSECURITIES AND EXCHANGE BOARD OF INDIA (REAL ESTATE INVESTMENT TRUSTS) (AMENDMENT) REGULATIONS, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... ate Investment Trusts) Regulations, 2014, namely,- 1. These regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2017. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014,- I. in sub-regulation (1) of regulation 2,- a. after clause (zta), the following new clause shall be inserted, namely- (ztb) strategic investor means,- a. an infrastructure finance company registered with the Reserve Bank of India as a Non-Banking Financial Company; b. a Scheduled Commercial Bank; c. a multilateral and bilateral deve ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... proviso, a new proviso shall be inserted, namely Provided further that the compulsorily convertible securities, whose holding period has been included for the purpose of calculation for offer for sale, shall be converted to equity shares of the holdco or SPV, prior to filing of offer document. V. in regulation 18, - a. in sub-regulation (4), - i. the words and/or income shall be inserted after the word rent and before the words generating properties . ii. in clause (b), the words rent-generating shall be substituted with the words rent and/or income generating . b. the sub-regulation (8) shall be omitted. c. in sub-regulation (13), after the word person and before the symbol : , the words other than t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ch it has investment in. XII. in sub-clause (iii) of clause (g) of Schedule V, the word and figure regulation 20 shall be substituted with the word and figure regulation 21 . [ADVT.-III/4/Exty./349/17] AJAY TYAGI, Chairman FOOTNOTE: 1. The Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 was published in the Gazette of India on September 26, 2014 vide No. LAD-NRO/GN/2014-15/11/1576. 2. The Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 was subsequently amended by the Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2016, vide No. SEBI/LAD/NRO/GN/2016-17/22, with effect from November 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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