Reduction in time limit of refund of application money to Investors


Based on various consultations with the market participants it has been decided to reduce the timelines for refund of the moneys to the investors in “four days”. 

Thus, in Regulation 45(2), 86(2), 141(2), 202(2)(b) and 202(3)(a) and (b)the words ‘fifteen days’ shall be read as ‘four days’ and in Regulation 53(2), 94(2), 149(2), 208(2), 272(2) the word ‘seven days’ and ‘eighth day’ shall be read as ‘four days’.


For official notification, click here


Feel free to contact in case of any query or consultation.

       +91-7417634371

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