SEBI has been active in setting up the regulations as required under the law. SEBI did away with physical certificates that were prone to postal delays, theft, and forgery, apart from making the settlement process slow and cumbersome by passing the Depositories Act, of 1996.
SEBI has also been instrumental in taking quick and effective steps in light of the global meltdown and the Satyam fiasco. In lig Market regulator SEBI has proposed tighter norms for the delisting of non-convertible debt securities. The proposed framework would help develop the real estate market, provide investor protection measures and lead to an orderly development of this sector and the market, the consultation paper released on Friday said. The fractional ownership of real estate assets is proposed to be brought as Micro, Small, and Medium REITs under Sebi’s Real Estate Investment Trusts rules.
Sebi noted that there has been a mushrooming of web-based platforms offering fractional ownership of real estate assets in the past 2-3 years. These platforms provide investors with an option to invest in buildings and office spaces, including warehouses, shopping centers, conference centers, etc. The minimum investment on these FOPs ranges from Rs 10 lakh to Rs 25 lakh.