SEBI on 26th September, 2024 has issued the Securities and Exchange Board of India (Real Estate Investment Trusts) (Third Amendment) Regulations, 2024. The amendment allows REITs to conduct a meeting of unit holders after giving shorter notice than that specified if consent, in writing or by electronic mode, is accorded thereto –
- In case of an annual meeting, by not less than ninety-five percent of the unit holders entitled to vote thereat; and
- In case of any other meeting, by majority of the unitholders in number entitled to vote thereat and who represent not less than ninety-five percent of such part of the units by value as gives a right to vote at the meeting.
For all unit holder meetings, the manager shall provide an option to the unit holders to attend the meeting through video conferencing or other audio visual means and the option of remote electronic voting in the manner as may be specified by the Board.
