https://www.taxtmi.com/circulars?id=66952 REIT Managers must transfer distributions remaining unpaid or unclaimed after the short payment window into an escrow-style Unpaid Distribution Account, designate a Nodal Officer, publish searchable details and a claim policy on the REIT website, process verified claims by electronic payment within prescribed timelines, and preserve records. Amounts unclaimed for the statutory extended period must be transferred, with accrued interest, to the Investor Protection and Education Fund, with specified information submitted to the Board; late transfers attract fixed and continuing penalties. Managers may seek reimbursement from the Fund via prescribed refund applications and must indemnify the Board against future disputes, while the Board verifies and processes refunds. en-us Wed, 08 Nov 2023 00:00:00 +0530 Thu, 09 Nov 2023 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66952 REIT Managers must transfer distributions remaining unpaid or unclaimed after the short payment window into an escrow-style Unpaid Distribution Account, designate a Nodal Officer, publish searchable details and a claim policy on the REIT website, process verified claims by electronic payment within prescribed timelines, and preserve records. Amounts unclaimed for the statutory extended period must be transferred, with accrued interest, to the Investor Protection and Education Fund, with specified information submitted to the Board; late transfers attract fixed and continuing penalties. Managers may seek reimbursement from the Fund via prescribed refund applications and must indemnify the Board against future disputes, while the Board verifies and processes refunds. Circulars SEBI Wed, 08 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66952