To boost corporate governance norms, SEBI has notified rules introducing special rights to unitholders of REITs who can now nominate representatives on the boards.Unitholders holding not less than ______ of the total outstanding units of the REIT, either individually or collectively, shall be entitled to nominate one director on the board of directors of the manager.
To boost corporate governance norms, 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). Further, the principles of stewardship code would apply to members, nominated by the unitholders, on the board of directors of investment managers of REIT. Unitholders holding not less than 10 per cent of the total outstanding units of the REIT, either individually or collectively, shall be entitled to nominate one director on the board of directors of the manager. The sponsor of InvIT/ REIT would be required to hold a certain minimum unitholding on a reducing scale for the entire life of the InvIT/ REIT & will collectively hold at least 15 per cent of the total units of the REIT, for three years from the date of listing of units in the initial offer. Any holding by the sponsor exceeding 15 per cent will be held for at least one year from the date of listing of units issued in the initial offer.
The ratio of the cost price and marked price of an article is 7:10, respectively. The article is sold after giving a discount of Rs. 400 such that there...
The cost price of orange juice in bottle P is Rs. 68 per liter, and the cost price of orange juice in bottle Q is Rs. 48. When the orange juice in bottl...
Marked price, selling price and cost price of an article are in the ratio 13:10:8. If difference between marked price and cost price of an article is R...
A person bought an article and sold it at a loss of 25%. If he had bought it at 5% loss and sold it for 78 more, he would have gained 20%. Find the prof...
The ratio of cost prices of two articles ‘A’ and ‘B’ is 5:1 respectively and the average cost price of articles ‘A’ and ‘B’ is Rs. 1200....
Profit percentage received on a product when sold for Rs.550 is equal to the percentage loss incurred when the same product is sold for Rs.380. Find the...
A shopkeeper sold an article at a discount of 15%. If he had given a discount of 9.5% in place of 15%, then he would have earned Rs. 110 more. If the co...
Tina is 50% more efficient than Rina, and Mina is 30% more efficient than Tina. If Mina and Tina together can do a piece of work in 12 days, in how many...
An article is sold for Rs. 450 at 40% profit when profit is calculated on selling price. Find the profit% on cost price?
Cost price of a bag is Rs.760. The shopkeeper marked it 70% above the cost price and sold it after giving a discount of 25%. If the shopkeeper had sold ...