Taxmann's Analysis | SEBI Introduces Unit-based Employee Benefit Scheme for REITs and InvITs

· Taxmann Publications Private Limited
Ebook
20
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About this ebook

This article examines the significant amendments to the regulations governing Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The SEBI (InvITs) (Second Amendment) Regulations, 2024, and SEBI (REITs) (Second Amendment) Regulations, 2024, introduce new norms primarily focusing on implementing a unit-based employee benefit scheme called the 'Employee Unit Option Scheme.' The article covers the following key aspects:

‣ Definition and overview of the 'Employee Unit Option Scheme'

‣ Explanation of Liquid Assets

‣ New regulations for employee unit-based schemes in InvITs and REITs

‣ Applicability of the framework for unit-based employee benefit schemes

‣ Procedures for receiving units by Employee Benefit Trusts

‣ Methods of allotting units to Employee Benefit Trusts

‣ Role of the Nomination and Remuneration Committee

‣ Disclosure requirements for unit-based employee benefit schemes in annual reports

‣ Introduction of new schedules in SEBI regulations for REITs and InvITs

About the author

At the heart of Taxmann Publications lies the Research & Editorial Team, established from a cadre of Chartered Accountants, Company Secretaries, and Lawyers. This group, operating under the guidance of Editor-In-Chief Mr Rakesh Bhargava, is the cornerstone of Taxmann's commitment to delivering unparalleled content accuracy and reliability.

The team's mission is anchored in the principles of the Six Sigma methodology, with a steadfast goal of eradicating errors and upholding the highest standards of excellence in all publications and research outputs. Their rigorous content development process is informed by core guidelines, ensuring every piece of work is authoritative and insightful. These guidelines include:

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