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of <h1>Listed Entities Must Transfer Unclaimed Securities Funds to Escrow; Further Transfer to Investor Funds After 7 Years</h1> Regulation 61A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mandates that listed entities cannot forfeit unclaimed interest, dividend, or redemption amounts on non-convertible securities. If these amounts remain unclaimed for 30 days, they must be transferred to an escrow account within seven days. Unclaimed amounts in the escrow account for seven years are then transferred to the Investor Education and Protection Fund, as per the Companies Act, 2013. For entities not defined as companies under this Act, the funds go to the Investor Protection and Education Fund created by SEBI, without accruing interest. Unclaimed amounts can be reclaimed as specified by SEBI.
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