Sebi issues framework for REITs, InvITs about board nomination rights

Dated on: Tuesday 12th September 2023

On Monday, the Securities and Exchange Board of India (SEBI) issued a framework for the exercise of board nomination rights by eligible unitholders of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). During its board meeting on June 28, SEBI approved the introduction of nomination rights for unitholders of REITs and InvITs. An eligible unitholder is defined as a unitholder who holds 10 percent or more of the total outstanding units of a REIT or InvIT, either individually or collectively.

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