Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 Chapter II REGISTRATION OF REGISTRAR TO AN ISSUE AND SHARE TRANSFER AGENT
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Registration conditions require prior approval for change in control and continuous maintenance of capital adequacy and grievance redressal. Regulation 9A requires registrars to an issue and share transfer agents to obtain prior Board approval for any change in control, enter into a legally ... Summary
Registration conditions require prior approval for change in control and continuous maintenance of capital adequacy and grievance redressal.
Regulation 9A requires registrars to an issue and share transfer agents to obtain prior Board approval for any change in control, enter into a legally binding agreement allocating duties with the client, pay registration fees as provided, maintain capital adequacy per regulation 7 during initial or permanent registration, redress investor complaints within twenty-one calendar days and report complaint particulars to the Board, comply with applicable regulations under the Act, and immediately notify the Board of any changes to previously submitted registration information.
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