Considering the coronavirus situation in the country, SEBI has given a one month relaxation to issuers of REITs and InvITs to comply with regulatory norms.
In a press release issued today, SEBI said, “Due to the developments arising due to the spread of the COVID 19 virus, a need for temporary relaxations in compliance requirements for REITs and InvITs is warranted. Accordingly, it has been decided to extend the due date for regulatory filings and compliances for REIT and InvIT for the period ending March 31, 2020 by one month over and above the timelines, prescribed under SEBI (Infrastructure Investment Trusts) Regulations, 2014 (InvIT Regulations) and SEBI (Real estate Investment Trusts) Regulations, 2014 (REIT Regulations) and circulars issued thereunder.”
With this, REITs and InvITs can comply with regulatory norms till April 30, 2020.