Voting Threshold Under REIT Regulations to Be Based on Unit Holders Present & Voting, Including E-Voting & Postal Ballot
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Notification No. SEBI/LAD-NRO/GN/2024/208., Dated: 26.09.2024
SEBI has notified the SEBI (Real Estate Investment Trusts) (Third Amendment) Regulations, 2024. As per the amended norms, the voting threshold specified under REIT regulations must be calculated based on unit holders’ present and voting. Further, unit holders’ voting through the e-voting facility and postal ballot must also be counted for the determination of unit holders’ present and voting. Also, the manager must provide unit holders with video conferencing and a remote e-voting facility for all meetings.
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