Relaxation from compliance to REITs and InvITs due to the CoVID-19 virus pandemic

CIRCULAR
SEBI/HO/DDHS/CIR/P/2020/42
March 23, 2020

To, 

All Real Estate Investment Trusts (REITs)
All InfrastructureInvestment Trusts (InvITs)
All Parties to REITs and InvITs
All Recognized Stock Exchanges 
All Depositories

Madam / Sir,
Sub: Relaxation from compliance toREITsand InvITsdue to the CoVID -19 virus pandemic

1.Due to the developments arising due to the spread of the COVID 19virus, a need for temporary  relaxations  in  compliance  requirements  for  REITsand  InvITsis warranted. Accordingly, it has been decided to extend the due date for regulatory filings and compliancesfor REIT and InvIT for the period ending March 31, 2020 by one  month  over  and  above  the  timelines,  prescribed  under SEBI  (Infrastructure Investment  Trusts)  Regulations,  2014(InvIT  Regulations)and  SEBI  (Real  estate Investment  Trusts)  Regulations,  2014(REIT  Regulations) and  circulars  issued thereunder.

2.This Circular shall come into force with immediate effect. The Stock Exchanges are advised to bring the provisions ofthis circular to the notice ofall REITsand InvITsand also disseminate on their websites.   

3.The Circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 33of InvIT Regulations and Regulation 33of REIT Regulations.4.This Circular is available on SEBI website at www.sebi.gov.inunder the categories “Legal Framework” and under the drop down “Circulars”.

Yours faithfully,
Richa G. Agarwal
Deputy General Manager
Department of Debt and Hybrid Securities
Email id -richag@sebi.gov.in
Tel No.022-2644 9596