Capital adequacy requirement for registrars and share transfer agents sets minimum net worth and defines calculation. The Capital Adequacy Requirement requires applicants for registration as registrars to an issue and share transfer agents to hold a minimum networth, with specified thresholds for two applicant categories. A transitional clause obliges existing registrants to raise networth to the prescribed minimum within three years of the amendment. An exemption excludes a department or division of a body corporate performing certain activities from this requirement. 'Networth' is defined: for proprietors, firms or associations it is capital contributed plus free reserves; for bodies corporate it is paid up capital and free reserves as shown in the books at application time.