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SEBI Allows virtual Annual Meetings for InvITs and REITs

Published on June 06, 2022
Current Context: Sebi has allowed Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) to conduct annual meetings of their unitholders and other meetings through video-conferencing and other audio-visual means till the end of December.
SEBI Allows virtual Annual Meetings for InvITs and REITs
  • This decision has been taken after receiving representations from REITs/InvITs to further extend the facility to conduct annual meetings and other meetings through a video call.
  • Apart from that, SEBI also issued strict guidelines to maintain recorded transcripts of the meetings held through video conferences in the safe custody of the investment managers.
  • Once the session was recorded, it made compliance on InvITs and REITs to upload the transcripts on their respective websites.
  • A REIT is roughly like a mutual fund that invests in real estate while enabling investors or unit holders to invest in these assets without actually owning them.
  • Whereas in InvITs enables direct investment of small amounts of money from possible individual/institutional investors in infrastructure to earn a small portion of the income as a return.

Question:

Q.1 According to the recent circular of SEBI Annual meeting of REITs and InVITs through video conferencing has extended till the month of __________?
a. 31 October
b. 31st August
c. 31st December
d. 31st November
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