SEBI Proposes Measures to Reduce Compliance Burden and Facilitate Ease of Doing Business for InvITs and REITs
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- By Chetan Kulasri
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- Last Updated on 13 May, 2024
Latest from Taxmann
SEBI Report; Dated: 09.05.2024
SEBI has released a Consultation Paper to reduce the compliance burden and facilitate ease of doing business for InvITs and REITs. Some of the key proposals include
(a) revising the timelines for undertaking distributions to unitholders by InvITs and REITs to 5 working days from the date of declaration,
(b) allowing unitholders’ meeting with shorter notice,
(c) reducing trading lot size of privately placed InvITs to Rs 25 lakh, and
(d) disclosure and review of a statement of investor complaints.
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