Transfer of dividend and redemption proceeds

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....fied by the Board from time to time; (b) transfer to the unitholders the redemption or repurchase proceeds within such period as may be specified by the Board from time to time; (c) in the event of failure to transfer the redemption or repurchase proceeds or dividend payments within the period specified in clauses (a) and (b), the asset management company shall be liable to pay i....

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....the SEBI (Mutual Funds) (Amendment) Regulations, 2000, w.e.f. 14-3-2000. 3. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/08 dated 04-02-2021 w.e.f. 30th day from the date of their publication in the Official Gazette, that is 04-02-2021 before it was read as "(a) despatch to the unitholders the dividend warrants within ^1[30] days of the declaration of the dividend;" 4. Ins....

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....itholders the dividend payments within 15 days from the record date.] (b) despatch the redemption or repurchase proceeds within 10 working days from the date of redemption or repurchase; ^2[(c) in the event of failure to despatch the redemption or repurchase proceeds ^4[or dividend payments] within the period specified in ^5[sub-clauses (a) and] (b), the asset management company shall be lia....