Timelines for transfer of dividend and redemption proceeds to unitholders

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..... trar and Transfer Agents (RTAs)/ Association of Mutual Funds in India (AMFI) Dear Sir/ Madam, Subject: Timelines for transfer of dividend and redemption proceeds to unitholders 1. SEBI has amended Regulation 53 of SEBI (Mutual Funds) Regulations, 1996 vide Gazette Notification No. SEBI/LAD-NRO/GN/2022/106 dated November 15, 2022. 2. Consequent to the above amendmen .....

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..... urpose of overseas investments. For schemes investing atleast 80% of total assets in such permissible overseas investments, the transfer of redemption or repurchase proceeds to the unitholders shall be made within five working days from the date of redemption or repurchase. c. AMFI, in consultation with SEBI, shall publish a list of exceptional circumstances for schemes unable to transfer red .....

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..... rdingly, circular SEBI/MFD/CIR/2/266/2000 dated May 19, 2000 is rescinded. 3. This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992 , read with the provision of Regulation 77 of SEBI (Mutual Funds) Regulation, 1996 to protect the interests of investors in securities and to promote the development of, and .....

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..... Investor Name PAN/ PEKRN of Investor Date of receipt of Redemption/ Repurchase Request Date of transfer of Redemption/ Repurchase Period of Delay Amount of Interest Paid .....

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