SEBI Amends InvIT & REIT Regulations, 2014 | Now, Unclaimed Amounts Transferred to IEPF Shall Not Bear Any Interest
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- Last Updated on 26 October, 2023
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Notification No. SEBI/LAD-NRO/GN/2023/159 & 160; Dated: 20.10.2023
SEBI has notified amendment to Regulation 18 of InvIT & REIT Regulations, 2014 which prescribe provisions for Investment conditions, dividend policy and distribution policy. A new proviso has been inserted which states that the amount transferred to the IPEF shall not bear any interest. Further, the unclaimed or unpaid amount of a person that has been transferred to IEPF can be claimed in the manner specified by the Board.
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