Extension of facility for conducting extraordinary meeting(s) of unit holders of InvITs and REITs through Video Conferencing or Other Audio-Visual Means (VC/OAVM)

Last updated: 10 October 2020

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The Securities and Exchange Board of India (SEBI) has extended the facility for Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) to conduct extraordinary meetings of their unitholders using Video Conferencing or Other Audio-Visual Means (VC/OAVM). This extension is in place until December 31, 2020, to accommodate ongoing pandemic-related challenges. All procedures outlined in the previous circular dated June 22, 2020, must still be followed.

Securities and Exchange Board of India CIRCULAR SEBI/HO/DDHS/DDHS/CIR/P/2020/201 Dated: October 08, 2020 All Infrastructure Investment Trusts (InvITs) All Real Estate Investment Trusts (REITs) All Parties to InvITs and REITs All Recognized Stock Exchanges Sir/ Madam, Subject: Extension of facility for conducting extraordinary meeting(s) of unit holders of InvITs and REITs through Video Conferencing or Other Audio-Visual Means (VC/OAVM) 1. Kindly refer toSEBI circular no.

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FAQ :

The circular extends the deadline for InvITs and REITs to conduct extraordinary unitholder meetings using Video Conferencing or Other Audio-Visual Means (VC/OAVM).

The facility for conducting extraordinary meetings via VC/OAVM has been extended until December 31, 2020.

This extension specifically applies to extraordinary meetings of unitholders, not the annual meetings.

Yes, InvITs and REITs must comply with the procedure specified in Annexure-I of SEBI circular no. SEBI/HO/DDHS/DDHS/CIR/P/2020/102 dated June 22, 2020.

The extension was granted due to representations received requesting more time to conduct these meetings via VC/OAVM because of the ongoing pandemic.

Notification No : SEBI/HO/DDHS/DDHS/CIR/P/2020/201
Source : https://www.sebi.gov.in/legal/circulars/oct-2020/extension-of-facility-for-conducting-extraordinary-meeting-s-of-unit-holders-of-invits-and-reits-through-video-conferencing-or-other-audio-visual-means-vc-oavm-_47815.html

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