Regulation 61A - Dealing with unclaimed non-convertible securities and benefits accrued thereon - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

1 [ Dealing with unclaimed non-convertible securities and benefits accrued thereon 61A . (1) The listed entity shall not forfeit unclaimed interest/dividend/redemption amount. (2) Where the interest/dividend/redemption amount has not been claimed within thirty days from the due date of interest/ dividend / redemption payment, a listed entity shall within seven days from the date of expiry of the said period of thirty days, transfer the amount to an escrow account to be opened by the listed entity in any scheduled bank: Provided that the interest/ dividend/ redemption amount that is unclaimed and outstanding for a period of less than seven years as on the date of notification of this sub-regulation shall be transferred to the escrow account within thirty days, where it shall remain for the intervening period up to seven years. (3) Any amount transferred to the escrow account that remains unclaimed for seven years shall be transferred to the Investor Education and Protection Fund constituted in terms of section 125 of the Companies Act, 2013 2 [ : ]] 3 [ Provided that for listed entities which do not fall within the definition of company under the Companies Act, 2013 and the Rules made thereunder, any amount in the escrow account that remains unclaimed for seven years shall be transferred to the Investor Protection and Education Fund created by the Board in terms of section 11 of the Act 4 [ : ]] 5 [ Provided further that the amount transferred to the Investor Protection and Education fund shall not bear any interest. ] 6 [ (4) The unclaimed amount of a person that has been transferred to the Investor Protection and Education Fund in terms of this regulation, may be claimed in such manner as may be specified by the Board. ] ************* NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2021/47 dated 07-09-2021 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/103 dated 14-11-2022 before it was read as, . 3. Inserted vide Notification No. SEBI/LAD-NRO/GN/2022/103 dated 14-11-2022 4. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/158 dated 20-10-2023 before it was read as, . 5. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/158 dated 20-10-2023 6. Inserted vide Notification No. SEBI/LAD-NRO/GN/2023/158 dated 20-10-2023