No person shall act as a real estate investment trust (REIT) unless it is registered with the Securities and Exchange Board of India (SEBI) through following steps:
Filing of application – A sponsor shall file an application for grant of the Registration Certificate (RC) in Form A, Schedule I of the SEBI (Real Estate Investment Trusts) Regulations 2014, and shall submit a non-refundable application fee as per Schedule II.
Eligibility criteria – For grant of RC, the Board shall check for all matters relevant to the activities as a REIT
Furnishing of further information – The Board may require the applicant to furnish further information or clarification before processing the application.
Grant of Certificate – On being satisfied with the information received and on receipt of registration fee, the Board shall grant the RC as per Form B, Schedule I
Conditions of Certificate – The RC hence issued shall be subject to abiding by provisions of the Act, by the Code of Conduct specified in Schedule VI and informing the Board of any misleading/ updated information given earlier.
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