Gazette Tracker
Gazette Tracker

Core Purpose

Securities and Exchange Board of India (Real Estate Investment Trusts) (Third Amendment) Regulations, 2023 amending the treatment of unclaimed amounts in the Investor Protection and Education Fund.

Detailed Summary

SEBI issued Notification No. SEBI/LAD-NRO/GN/2023/160 dated 20 October 2023, signed by Babitha Rayudu, Executive Director, exercising powers under Section 30 read with Sections 11 and 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), making the SEBI (Real Estate Investment Trusts) (Third Amendment) Regulations, 2023, effective from publication, which amend Regulation 18(16) of the SEBI (Real Estate Investment Trusts) Regulations, 2014 by replacing a full stop with a colon in sub-clause (f), inserting a proviso stating that amounts transferred to the Investor Protection and Education Fund shall not bear interest, and inserting new sub-clause (g) permitting a person to claim unclaimed or unpaid amounts transferred to that Fund under sub-clause (f) in a manner to be specified by the Board; footnotes trace the REIT Regulations, 2014's amendment history from their original publication on 26 September 2014 (No. LAD-NRO/GN/2014/15/11/1576) through twelve subsequent amendments dated between November 2016 and August 2023.

Full Text

6726 GI/202 3 (1) रजिस्ट्री सं. डी.एल.- 33004/99 REGD. No . D. L. -33004/99 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 725] NEW DELHI , FRIDAY , OCTOBER 20, 2023/ ASVINA 28, 1945 CG-MH-E-23102023-249633 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 20 th October, 2023 SECU RITIES AND EXCHANGE BOARD OF INDIA (REAL ESTATE INVESTMENT TRUSTS) (THIRD AMENDMENT) REGULATIONS, 2023 No. SEBI/LAD -NRO/GN/2023/160. —In exercise of the powers conferred under section 30 read with sections 11 and 12 of the Securities and Exchange Board of I ndia Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, namely: – 1. Thes e regulations may be called the Securities and Exchange Board of India (Real Estate Investment Trusts) (Third Amendment) Regulations, 2023. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Secu rities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014, in regulation 18, in sub -regulation (16), – (1) in sub -clause (f), the symbol “.” after the words “specified by the Board” shall be substituted with the symbol “:”; (2) in sub-clause (f), the following proviso shall be inserted, namely, – “Provided that the amount transferred to Investor Protection and Education fund shall not bear any interest.” (3) after sub -clause (f), the following sub -clause shall be inserted, namely, – “(g) the unclaimed or unpaid amount of a person that has been transferred to the Investor Protection and Education Fund in terms of sub -clause (f), may be claimed in such manner as may be specified by the Board.” BABITHA RAYUDU , Executive Director [ADVT. -III/4/Exty./ 507/2023 -24] Footnotes: 1. The Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 was published in the Gazette of India on September 26, 2014 vide No. LAD -NRO/GN/2014/15/11/1576. 2. The Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014 was subsequently amended by the – a. Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2016, vide No. SEBI/LAD/NRO/GN/2016 -17/022, with effect from November 30, 2016; b. Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2017, vide No. SEBI/LAD -NRO/GN/2017 -18/022, with effect from December 15, 2017. c. Securities and Exchange Board of India (Real Es tate Investment Trusts) (Amendment) Regulations, 2018, vide No. SEBI/LAD -NRO/GN/2018/06, with effect from April 10, 2018. d. Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2019, vide No. SEBI/LAD -NRO/GN/201 9/09, with effect from April 22, 2019. e. Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2020, vide No. SEBI/LAD -NRO/GN/2020/06, with effect from March 02, 2020. f. Securities and Exchange Board of India ( Regulatory Sandbox) (Amendment) Regulations, 2020, vide No. SEBI/LAD -NRO/GN/2020/10, with effect from April 17, 2020. g. Securities and Exchange Board of India (Real Estate Investment Trusts) (Second Amendment) Regulations, 2020, vide No. SEBI/LAD -NRO/GN/ 2020/16 with effect from June 16, 2020. h. Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2021 vide No. SEBI/LAD -NRO/GN/2021/28 with effect from July 30, 2021. i. Securities and Exchange Board of India (Regu latory Sandbox) (Amendment) Regulations, 2021 vide No. SEBI/LAD -NRO/GN/2021/30 with effect from August 03, 2021. j. Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2022 vide No. SEBI/LAD -NRO/GN/2022/100 with effect from November 9, 2022. k. Securities and Exchange Board of India (Real Estate Investment Trusts) (Amendment) Regulations, 2023 vide No. LAD -NRO/GN/2023/123 with effect from February 14, 2023. l. Securities and Exchange Board of India (Altern ative Dispute Resolution Mechanism) (Amendment) Regulations, 2023 vide No. SEBI/LAD –NRO/GN/2023/137 with effect from July 4, 2023. m. Securities and Exchange Board of India (Real Estate Investment Trusts) (Second Amendment) Regulations, 2023 vide No. LAD -NRO/GN/2023/144 with effect from August 16, 2023. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054.

Never miss important gazettes

Create a free account to save gazettes, add notes, and get email alerts for keywords you care about.

Sign Up Free