SEBI - Extension of facility for conducting meetings of unitholders of REITs & InvITs through VC or OAVM

Last updated: 01 March 2021

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The Securities and Exchange Board of India (SEBI) has extended the period during which Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) can conduct unitholder meetings using Video Conferencing (VC) or other audio-visual means (OAVM). This facility, initially set to expire on December 31, 2020, has been prolonged. Annual meetings due in 2021 can be held virtually until December 31, 2021, while other meetings can be conducted virtually until June 30, 2021. Trusts must adhere to the procedures outlined in SEBI's previous circular.

Securities and Exchange Board of India CIRCULAR SEBI/HO/DDHS/DDHS/CIR/P/2021/21 February 26, 2021 To, All Real Estate Investment Trusts (REITs) All Infrastructure Investment Trusts (InvITs) All Parties to REITs and InvITs All Recognized Stock Exchanges Madam/ Sir, Subject: Extension of facility for conducting meeting(s) of unitholders of REITs and InvITs through Video Conferencing (VC) or through other audio-visual means (OAVM) 1. SEBI videcircular no. SEBI/HO/DDHS/DDH

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FAQ :

The circular extends the facility for REITs and InvITs to conduct unitholder meetings through Video Conferencing (VC) or other audio-visual means (OAVM).

Annual meetings of unitholders that become due in the calendar year 2021 can be conducted virtually until December 31, 2021.

Meetings other than annual meetings of unitholders can be conducted virtually until June 30, 2021.

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

This circular is available on the SEBI website (www.sebi.gov.in) under the 'Legal Framework' category and the 'Circulars' drop-down menu.

Notification No : SEBI/HO/DDHS/DDHS/CIR/P/2021/21
Source : https://www.sebi.gov.in/legal/circulars/feb-2021/extension-of-facility-for-conducting-meeting-s-of-unitholders-of-reits-and-invits-through-video-conferencing-vc-or-through-other-audio-visual-means-oavm-_49307.html

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