SEBI on March 28, 2025 has issued an amendment to Master Circular for Real Estate Investment Trusts (REITs) and Master Circular for Infrastructure Investment Trusts (InvITs) dated May 15, 2024. The amendment provides that units allotted to sponsor(s) and its associates shall be locked in for a period of three years from the date of trading approval granted for the units, provided that units not more than twenty five percent of the total unit capital of the InvIT shall be locked in for three years from the date of trading approval. It is further provided that units allotted in excess of twenty five percent of the total unit capital of the InvIT shall be locked in for one year from the date of trading approval.
Disaster Management (Amendment) Act, 2025
2 April 2025
The amendment clarifies that “man-made causes” of disasters do not include law and order situations. A new clause introduces the concept of a “disaster database,”
