Dear Sir\Madam,
Securities and Exchange Board of India (SEBI) has issued circular no. SEBI/HO/DDHS/DDHS/CIR/P/2021/21 dated February 26, 2021 regarding extension of facility for conducting meeting(s) of unitholders of REITs and InvITs through Video Conferencing (VC) or through other audio-visual means (OAVM).
SEBI vide circular no. SEBI/HO/DDHS/DDHS/CIR/P/2020/102 dated June 22, 2020 read with circular no. SEBI/HO/DDHS/DDHS/CIR/P/2020/201 dated October 08, 2020 permitted REITs/InvITs to conduct annual meetings and other meetings of unitholders through VC or OAVM up to December 31, 2020.
It has been decided to extend the facility to conduct meetings of unitholders, through VC or OAVM for REITs/InvITs, as under:
a) Annual meetings of unitholders in terms of Regulation 22(3) of SEBI (Real Estate Investment Trusts) Regulations, 2014 and Regulation 22(3)(a) of SEBI (Infrastructure Investment Trusts) Regulations, 2014, (which becomes due in the calendar year 2021) to be conducted till December 31, 2021.
b) For meetings other than annual meeting of unitholders till June 30, 2021.
c) REITs/ InvITs shall comply with the procedure prescribed in Annexure-I of SEBI circular no.SEBI/HO/DDHS/DDHS/CIR/P/2020/102 dated June 22, 2020.
The aforesaid SEBI circular is attached for reference.
All Listed companies are requested to take note and comply accordingly.
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Abhijit Pai
Dy. General Manager
Listing Compliance
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Shyam Bhagirath
Manager
Listing Compliance
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February 27, 2021
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