Facility of conducting meetings of unitholders of REITs
Facility of conducting meetings of unitholders of REITs through Video Conferencing or Other Audio-Visual means
- SEBI is in receipt of representations from Manager of REITs to allow them to conduct meetings of unit holders through Video Conferencing or Other Audio Visual means.
- Regulation 22(3)of SEBI (Real Estate Investment Trusts) Regulations, 2014 provides that an annual meeting of all unit holders shall be held not less than once a year within one hundred twenty days from the end of financial year and the time between two meetings shall not exceed fifteen months. Further, Manager of REITs are also required to hold meetings of unit holders for certain matters specified under SEBI (Real Estate Investment Trusts) Regulations, 2014.
- Enabling participation of unit holders through Video Conferencing or other Audio Visual means ensures maximum participation of the unit holders in the decision-making process, irrespective of their geographical location, and delivers collaborative in-person experience at their convenience.
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