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TMI BlogRights and meetings of unit holdersX X X X Extracts X X X X X X X X Extracts X X X X ..... se regulations shall be calculated on the basis of unit holders present and voting. Explanation. - The unit holders voting through the electronic voting facility and postal ballot shall be counted for the determination of unit holders present and voting;] (b) the unitholders of the scheme shall have the right to vote in any unitholders' meeting of that particular scheme of SM REIT; (c) in case the scheme of the SM REIT proposes to purchase a property or proposes to sell a property at a value which is greater than one hundred and five per cent. or less than ninety five per cent. of the value of property as assessed by the valuer respectively, approval from unitholders shall be required wherein votes cast in fav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll activities pertaining to conduct of the meetings of unit holders: Provided further that in respect of issues pertaining to the trustee including change in the trustee, the trustee shall not be involved in any manner in the conduct of the meeting. 4[(h) for all unit holder meetings, the investment manager shall provide an option to the unit holders to attend the meeting through video conferencing or other audio visual means and the option of remote electronic voting in the manner as may be specified by the Board.] (3) An annual meeting of unit holders of each scheme shall be held at least once every year, within one hundred and twenty days from the end of financial year and the time between two meetings shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or greater than ten per cent. of the value of the assets of the particular scheme of SM REIT; (b) any borrowing in excess of limit specified under proviso to sub-regulation (5) of regulation 26U; (c) any issue for which the Board or the recognized stock exchanges require such approval under this sub-regulation; (d) any issue, in the ordinary course of business, which in the opinion of the Investment Manager or Trustee, is material and requires approval of the unitholders. 8[(e) increasing the period for compliance with investment conditions to one year in accordance with sub-regulation (2A) of regulation 26Tof these regulations.] (10) Approval from the unitholders of the scheme of the SM REIT shall be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... heme if ten per cent. of the unitholders of a particular scheme by value, apply in writing, to the trustee and the trustee shall require the investment manager to place the matter for voting in accordance with these regulations: Provided that the request of the unitholders of a scheme for change in the trustee shall be sent, in writing, to the investment manager, who shall, on receipt of such a request, place the matter for voting in the manner as specified in accordance with these regulations.] ************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/166 dated 08-03-2024 2. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/208 dated 26-09-2024 w.e.f.& ..... X X X X Extracts X X X X X X X X Extracts X X X X
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