Section 53: Despatch of warrants and proceeds

Q: What does Section 53 of The SEBI (Mutual Funds) Regulations, 1996 (TSMFR) deal with?

Section 53 TSMFR pertains to "Despatch of warrants and proceeds". It is part of the The SEBI (Mutual Funds) Regulations, 1996, a legislation enacted by the Parliament of India. Section 53 of The SEBI (Mutual Funds) Regulations, 1996 (TSMFR) governs despatch of warrants and proceeds. As verified on 19 May 2026.

Q: Is Section 53 TSMFR still in force?

Yes, Section 53 of the The SEBI (Mutual Funds) Regulations, 1996 is currently in force across the Republic of India.

Q: What is धारा 53 TSMFR?

धारा 53 TSMFR is the Devanagari Hindi reference for Section 53 of the The SEBI (Mutual Funds) Regulations, 1996. Section 53 of The SEBI (Mutual Funds) Regulations, 1996 (TSMFR) governs despatch of warrants and proceeds. As verified on 19 May 2026.

Q: What is Dhara 53 TSMFR?

Dhara 53 TSMFR is the Roman Hindi reference for Section 53 of the The SEBI (Mutual Funds) Regulations, 1996. "Dhara" means "Section" in Hindi. Section 53 of The SEBI (Mutual Funds) Regulations, 1996 (TSMFR) governs despatch of warrants and proceeds. As verified on 19 May 2026.

Q: How to cite Section 53 of The SEBI (Mutual Funds) Regulations, 1996?

Cite as: "Section 53, The SEBI (Mutual Funds) Regulations, 1996 (TSMFR)" in legal briefs. For academic writing, use the BlueBook format: The SEBI (Mutual Funds) Regulations, 1996, § 53 (India).

Law on Tips Editorial Board

- Every mutual fund and asset management company shall,

(a) despatch to the unitholders the dividend warrants within 42 days of the declaration of the dividend;

(b) despatch the redemption or repurchase proceeds within 10 working days from the date of redemption or repurchase;

(c) [ in the event of failure to despatch the redemption or repurchase proceeds within the period specified in sub-clause (b), the asset management company shall be liable to pay interest to the unitholders at such rate as may be specified by the Board for the period of such delay; [Inserted by S.O. 235(E), dated 14.3.2000]

(d) notwithstanding payment of such interest to the unit-holders under sub-clause (c), the asset management company may be liable for penalty for failure to despatch the redemption or repurchase proceeds within the stipulated time.]