https://www.taxtmi.com/acts?id=35268 Regulation 53 requires the asset management company to transfer dividend payments and redemption or repurchase proceeds to unitholders within periods specified by the Board; failure to transfer within those periods attracts an obligation to pay interest at a Board-specified rate for the delay and may attract further regulatory action or penalties. Physical despatch of proceeds or dividend payments is restricted to exceptional circumstances and must be documented with reasons. en-us Mon, 21 Jan 2019 10:37:50 +0530 Fri, 06 Sep 2024 18:15:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35268 Regulation 53 requires the asset management company to transfer dividend payments and redemption or repurchase proceeds to unitholders within periods specified by the Board; failure to transfer within those periods attracts an obligation to pay interest at a Board-specified rate for the delay and may attract further regulatory action or penalties. Physical despatch of proceeds or dividend payments is restricted to exceptional circumstances and must be documented with reasons. Act-Rules SEBI Mon, 21 Jan 2019 10:37:50 +0530 https://www.taxtmi.com/acts?id=35268