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Sebi notifies rule; gives board representation to REITs’ unitholdersSebi notifies rule; gives board representation to REITs’ unitholders

To boost corporate governance norms, markets regulator Sebi has notified rules introducing special rights to unitholders of REITs who can now nominate representatives on the boards. Also, the regulator has introduced the concept of a self-sponsored real estate investment trust (REIT). Amending rules for REITs, Sebi said, “Unitholders holding not less than 10 per cent […]