Maintain proper books of accounts: registrars and share transfer agents must retain specified records and notify the regulator. Regulation 14 mandates that registrars to an issue and share transfer agents retain specified books and records for the preceding financial years, with corporate agents keeping audited financial statements, auditor reports and quarterly capital adequacy statements and non-corporate agents retaining receipts and expenditure records, assets and liabilities and capital adequacy statements. Registrars must preserve detailed issue records (applications, rejections and reasons, basis of allotment, terms, allotments, lists of allottees/non-allottees and refund orders). Agents must notify the Board of record locations and, if required, furnish annual financials and capital adequacy statements within the prescribed period.