Regulatory Alerts2025-05-07
SEBI Circular on Revised Disclosure of Financial Information and Continuous Compliances for REITs
The Securities and Exchange Board of India (SEBI) has revised Chapters 3 and 4 of the Master Circular for Real Estate Investment Trusts to streamline financial disclosures and continuous compliance requirements. The updated regulations mandate specific formats for audited financial statements, proforma calculations, and Net Asset Value statements in offer documents, while permitting incorporation by reference for certain public disclosures. These changes, driven by the HySAC Working Group's ease of doing business recommendations, are effective immediately for most provisions and apply to financial periods beginning on or after April 1, 2025, for continuous disclosures.
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