Regulation 13A - Registrar to an Issue not to act as such for an associate
Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 Chapter III GENERAL OBLIGATIONS AND RESPONSIBILITIES
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Prohibition on registrar acting for associate: registrars with significant voting control or director/promoter ties are disqualified. No registrar to an issue may act for an issue of securities if the registrar and the issuing body corporate are associates; an associate exists where one ... Summary
Prohibition on registrar acting for associate: registrars with significant voting control or director/promoter ties are disqualified.
No registrar to an issue may act for an issue of securities if the registrar and the issuing body corporate are associates; an associate exists where one directly or indirectly controls not less than ten percent of the voting power of the other, or where the registrar or any of his relatives is a director or promoter of the body corporate or of the registrar, with 'relative' as defined in section 6 of the Companies Act, 1956.
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