Question

    According to SEBI regulations, what percentage of the

    total outstanding units of an InvIT or REIT is required for an Eligible Unitholder(s) to exercise board nomination rights?
    A Not less than 5% Correct Answer Incorrect Answer
    B Not less than 10% Correct Answer Incorrect Answer
    C Not less than 15% Correct Answer Incorrect Answer
    D Not less than 20% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    SEBI regulations mandate that Eligible Unitholder(s) must hold at least 10% of the total outstanding units of an InvIT or REIT to exercise their board nomination rights. This threshold ensures that significant unitholders have a say in the governance of the Investment Manager.

    Practice Next