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Sebi lets InvITs, REITS hold unitholder meetings via video conferencing

For meetings other than annual meeting of unitholders, the facility shall be available up to September 30, 2020, it added

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InvITs and REITs also need to upload the transcript on their website as soon as possible after the conclusion of the meeting

Press Trust of India New Delhi
Capital markets regulator Sebi on Monday allowed InvITs and REITs to conduct meeting of unitholders through video conferencing and other audio-visual means.

The facility of video conferencing (VC) and other audio-visual means (OAVM) will be available for annual meeting of unitholders to be conducted during calendar year 2020, Sebi said in a circular.

For meetings other than annual meeting of unitholders, the facility shall be available up to September 30, 2020, it added.

The meeting through video conferencing or through OAVM needs to be conducted in accordance with the procedure specified by Sebi in the circular.

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Topics : Sebi REITs