REGISTRATION OF REGISTRAR TO AN ISSUE AND SHARE TRANSFER AGENT - Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993
REGISTRATION OF REGISTRAR TO AN ISSUE AND SHARE TRANSFER AGENT - Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993
Code of conduct requires registrars to ensure investor protection, due diligence, conflict disclosure and prompt grievance redressal. The Schedule prescribes a Code of Conduct requiring Registrars to an Issue and Share Transfer Agents to maintain integrity, exercise due diligence ... Summary
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Code of conduct requires registrars to ensure investor protection, due diligence, conflict disclosure and prompt grievance redressal.
The Schedule prescribes a Code of Conduct requiring Registrars to an Issue and Share Transfer Agents to maintain integrity, exercise due diligence (including verification before dematerialisation), process transfers and corporate actions within specified timeframes, promptly address investor grievances, avoid misrepresentation, and not reject dematerialisation/rematerialisation requests without valid grounds. It requires disclosure and management of conflicts of interest, confidentiality of client information except as authorised or required by law, robust internal controls and data continuity, cooperation with the Board, prompt notification of material adverse actions, and responsibility for employees' acts or omissions.
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