SEBI launches online registration system for REITs and InvITs
The Securities and Exchange Board of India (SEBI) has introduced an online registration system for the Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) in order to simplify business.
In a circular, SEBI said, “All applicants desirous of seeking registration as REITs or InvITs are now required to submit their applications online only, through Sebi intermediary portal.”
The new system would help REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) to speedily complete registration and other regulatory filings with SEBI and also in a cost-effective manner.
The regulator noted that the online system can be used for application for registration, reporting and filing under the provision of REITs and InvITs regulations. Also, the existing SEBI registered InvITs have been advised to activate their online accounts.