Definitions

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..... ger means a company incorporated in India, which sets up SM REIT and manages assets and investments of the SM REIT and undertakes operational activities of the SM REIT; (b) liquid net worth means net worth deployed in liquid assets, which are unencumbered. Explanation. For the purposes of this chapter, liquid asset means cash, units of overnight or liquid mutual fund schemes, fixed deposits, gover .....

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..... ital or ownership interest in it; (g) trustee means a trustee registered with the Board under Securities and Exchange Board of India (Debenture Trustees) Regulations, 1993, who holds the assets of SM REIT and its schemes in trust and for the benefit of the unit holders, in accordance with these regulations. ] ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/166 dated 0 .....

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