InVITs, REITs Can Conduct Unitholders’ Annual Meetings Through Video Conference Till December
Laborers work on an Indiabulls Real Estate commercial building construction site in the Lower Parel area of Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

InVITs, REITs Can Conduct Unitholders’ Annual Meetings Through Video Conference Till December

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Infrastructure Investment Trusts and Real Estate Investment Trusts can conduct annual meetings of their unitholders through video conferencing and other audio-visual means till Dec. 31, according to SEBI.

For annual meeting of unitholders to be conducted during calendar year 2021, the facility of Video Conferencing and Other Audio-Visual Means will be available till Dec. 31, 2021, the Securities and Exchange Board of India said in a circular on Friday.

For meetings other than annual meeting of unitholders, the facility can be used up to June 30, 2021.

The meetings through video conferencing or through OAVM need to be conducted in accordance with the procedure specified by the watchdog.

Among other requirements, recorded transcript of the meetings held through VC or OAVM should be maintained in safe custody of the investment manager of InvIT or manager of the REIT.

InvITs and REITs are also required to upload the transcript on their respective websites as soon as possible after the conclusion of the meetings.

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