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TMI BlogAmendment to Master Circular for Real Estate Investment Trusts (REITs) dated May 15, 2024 - Review of statement of investor complaints and timeline for disclosure of statement of deviation(s)X X X X Extracts X X X X X X X X Extracts X X X X ..... to REITs All Recognised Stock Exchanges Madam/Sir, Sub: Amendment to Master Circular for Real Estate Investment Trusts (REITs) dated May 15, 2024 - Review of statement of investor complaints and timeline for disclosure of statement of deviation(s) 1. SEBI vide Circular No. CIR/IMD/DF/146/2016 dated December 29, 2016 specified provisions for continuous disclosures and compliances by REITs. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... omplaints received by the REIT shall be disclosed in the format mentioned in Annexure - 4 on the website of the REIT and also filed with the recognized stock exchange(s), where its units are listed within 21 days from the end of financial year or end of quarter, as the case may be. 4.16.4. The Trustee and the Board of Directors/Governing Body of the Manager, shall review the aforementioned state ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... promote ease of doing business, it is proposed to amend paragraph 4.16.4. of the Master Circular as under: "The Trustee and the Board of Directors/Governing Body of the Manager shall ensure that all investor complaints are redressed by the Manager in timely manner. Further, the statement as specified in Para 4.16.3. above shall be placed, on a quarterly basis, before the Board of Directors/Gove ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ays from the end of each quarter" 7. Based on the recommendations of the Working Group and the HySAC, it is noted that as per the LODR Regulations the statement of deviation or variation in the use of proceeds from the stated objects is required to be submitted to the stock exchange(s) on a quarterly basis along with the submission of financial results and accordingly alignment with LODR Regulati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under Section 11(1) of the Securities and Exchange Board of India Act, 1992 and Regulation 33 of the REIT Regulations. This circular is issued with the approval of the competent authority. 11. The recognized Stock Exchanges are advised to disseminate the contents of this Circular on their website. 12. This Circular is available on the website of the Securities and Exchange Board of India at www ..... X X X X Extracts X X X X X X X X Extracts X X X X
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