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[Cites 0, Cited by 0] [Section 18(16)] [Section 18] [Entire Act]

Securities And Exchange Board Of India - Subsection

Section 18(16)(e) in Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014

(e)if the distributions are not made within fifteen days of declaration, then the manager shall be liable to pay interest to the unit holders at the rate of fifteen per cent per annum till the distribution is made and such interest shall not be recovered in the form of fees or any other form payable to the manager by the REIT.