TMI BlogRights and meetings of unit holdersX X X X Extracts X X X X X X X X Extracts X X X X ..... te 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 favour of the resolution shall be at least three times the number of votes cast, against the resolution; (d) the investment manager shall also provide the option to the unitholders to vote either by way of post or through electronic mode; (e) a notice of not less than twenty one clear days shall be provided to the unit holders: Provided that a meeti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of each scheme through video conferencing or through other audio-visual means. (6) In the annual meeting of unitholders of each scheme, the investment manager shall place following matters before the unit holders for consideration of: (a) latest annual accounts and audit report of the SM REIT and its schemes, and a report on performance of the scheme of the SM REIT; (b) the appointment of, and the fixing of the fees of the auditor and the valuer; and (c) the latest valuation reports. (7) The matters mentioned in sub-regulation (6) of this regulation shall require approval of unitholders of the scheme, where votes cast in favour of the resolution shall be more than the votes cast against the resolution. (8) Any information that is required ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ry delisting of units of the scheme of the SM REIT; (e) any issue, not in the ordinary course of business, which in the opinion of the investment manager or trustee requires approval of the unitholders; (f) any issue, which in the opinion of the Board or the recognized stock exchanges, requires approval under this sub-regulation; (g) removal of the auditor or valuer and appointment of another auditor or valuer to the SM REIT; (h) change in the trustee; (i) delisting of the scheme of the SM REIT if the unit holders have sufficient reason to believe that such delisting would act in the interest of the unitholders; and (j) extension of time period as specified under clause (b) of sub-regulation (1) of regulation 26ZI. (11) The unitholders of t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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