SEBI Releases Format of ‘Compliance Report on Governance’ for REITs
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- By Chetan Kulasri
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- Last Updated on 28 June, 2023
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Circular No. SEBI/HO/DDHS-PoD-2/P/CIR/2023/101, Dated: 26.06.2023
As per Regulation 26E of the SEBI (Real Estate Investment Trusts) Regulations, 2014, the manager of REIT is required to submit a quarterly compliance report on governance in the format as may be specified by the Board, to the recognized stock exchange within 21 days from the end of each quarter.
The report must be signed either by the compliance officer or the chief executive officer of the Manager. Now, accordingly, the SEBI has specified the format of ‘Compliance Report on Governance’ for REITs. Further, the compliance report on governance shall also be made part of the annual report of the REIT.
This circular shall come into force with effect from the financial year 2023-24 onwards. Accordingly, the first reporting shall be made for the quarter ending June 30, 2023.
Click Here To Read The Full Circular
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