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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSE- SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2023

28-Feb-2023 | Notice No. 20230228-1

National Stock Exchange has reiterated the circular issued by SEBI dated 14 February 2023 regarding the SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2023, amending provisions under SEBI (Real Estate Investment Trusts) Regulations, 2014, effective from 14th February 2023. Highlights of the amendment are: 1. Modification in the definition of "change in control" under Regulation 2(1)(g). 2. Insertion of the definition of "Independent director" under Regulation 2(1)(qai)). 3. Insertion of the definition of "Senior Management" under Regulation 2(1)(zra)). 4. Amendment in Regulation 10(6) to an individual or a firm as the auditor, who shall hold office from the date of conclusion of the annual meeting till the date of conclusion of the sixth annual meeting in accordance with the procedure specified by the Board. Prior to this, an auditor shall be appointed for a period of not more than five consecutive years and may be reappointed for a period of another five consecutive years, subject to the approval of unit-holders in the annual meeting. 5. Insertion of Regulation 6(6A) related to the appointment or re-appointment of the manager of REIT.

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