Unclaimed Amounts Transferred to IEPF Under LODR Shall Not Bear Any Interest | SEBI
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- Last Updated on 26 October, 2023
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Notification no. SEBI/LAD-NRO/GN/2023/158; Dated: 20.10.2023
SEBI has notified amendments to Regulation 61A of LODR Regulations which prescribe provisions for dealing with unclaimed non-convertible securities and benefits accrued thereon A new proviso has been inserted which states that the amount transferred to the IPEF shall not bear any interest. Further, the unclaimed amount of a person that has been transferred to IPEF can be claimed in the manner specified by the Board.
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