https://www.taxtmi.com/notifications?id=139417 The amendment replaces Regulation 53 to require mutual funds and asset management companies to transfer dividend payments and redemption or repurchase proceeds to unitholders within periods to be specified by the Board; asset management companies must pay interest to unitholders for delays at Board-specified rates. Payment of interest does not bar separate action for failure to transfer within stipulated time. Physical despatch of payments is limited to exceptional circumstances and must be recorded with reasons. en-us Tue, 15 Nov 2022 00:00:00 +0530 Wed, 16 Nov 2022 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=139417 The amendment replaces Regulation 53 to require mutual funds and asset management companies to transfer dividend payments and redemption or repurchase proceeds to unitholders within periods to be specified by the Board; asset management companies must pay interest to unitholders for delays at Board-specified rates. Payment of interest does not bar separate action for failure to transfer within stipulated time. Physical despatch of payments is limited to exceptional circumstances and must be recorded with reasons. Notifications SEBI Tue, 15 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=139417