Regulation 12 - Payment of fees and the consequences of failure to pay fees
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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Payment of fees: non-payment permits suspension of registration and cessation of registrar or share transfer agent activities. Regulation 12 mandates eligible applicants for registration as registrars to an issue or share transfer agents to pay fees as specified in Schedule II; ... Summary
Payment of fees: non-payment permits suspension of registration and cessation of registrar or share transfer agent activities.
Regulation 12 mandates eligible applicants for registration as registrars to an issue or share transfer agents to pay fees as specified in Schedule II; the Board may allow late payment on sufficient cause. Failure to pay authorises the Board to suspend the registration certificate, upon which the registrar or share transfer agent must cease carrying on any of its activities.
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