Sebi comes out with disclosure formats for compliance reports on governance, annual secretarial by REITs, InvITs

India's Securities and Exchange Board has introduced disclosure formats for compliance reports on governance and annual secretarial for REITs and InvITs for the financial year 2023-24 onwards. Investment managers of InvITs and REITs will have to disclose essential details including the name of investment managers, the board of directors' composition, meeting details of committees and the board of directors on a quarterly basis. Investment managers of these investment vehicles will have to submit the annual secretarial compliance report in a new format to the stock exchanges within 60 days from the end of each fiscal year.