Sebi proposes ease of doing business measures for REITs, InvITs
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New Delhi, Markets regulator Sebi on Friday proposed alignment of valuation report timelines with financial results for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). These proposals are aimed at promoting ease of doing business, Sebi said in its consultation paper. Under the present rule, REITs and InvITs are required to get their assets valued regularly and submit these valuation reports to stock exchanges and unitholders. However, currently, the timelines for conducting valuations, submitting valuation reports, and filing financial results are not aligned, causing inefficiencies. Accordingly, Sebi has proposed that annual valuation reports should be submitted within 60 days from the financial year-end -- matching the timeline for annual financial results. It suggested that half-yearly or quarterly valuation reports should be submitted within 45 days, aligning with quarterly financial result time...