SEBI Introduces Framework for Unit-Based Employee Benefit Scheme for Real Estate Investment Trusts
SEBI has introduced a framework for unit-based employee benefit schemes for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). The framework aims to promote employee participation and safeguard the interests of all stakeh
SebiReitsInvitsEmployee Benefit SchemeReal Estate Investment TrustsReal EstateSep 08, 2024
Frequently Asked Questions
What is the purpose of the SEBI amendment?
The amendment aims to provide a structured approach to offering unit-based benefits, promoting employee participation and safeguarding the interests of all stakeholders involved in REITs/InvITs.
What is an employee unit option scheme?
An employee unit option scheme is a scheme under which the investment manager grants unit options to its employees through an employee benefit trust.
What are the key provisions of the amendment?
The key provisions include the insertion of the term 'employee unit option scheme', 'liquid asset', and the framework for unit-based employee benefit scheme.
Who is eligible to offer unit-based employee benefit scheme?
The manager/investment manager may, at its discretion, offer unit-based employee benefit scheme for its employees based on the units of the REIT/InvIT.
What is the expected outcome of the framework?
The framework is expected to promote employee participation and safeguard the interests of all stakeholders involved in REITs/InvITs.
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