Regulation 12 - Providing services to unlisted companies
Securities And Exchange Board Of India (Registrars To An Issue And Share Transfer Agents) Regulations, 2025 Chapter II REGISTRATION OF REGISTRAR TO AN ISSUE AND SHARE TRANSFER AGENT
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Providing services to unlisted companies must be segregated into a separate business unit with a mandatory disclaimer and transition period. Regulation 12 requires registrars to operate services to unlisted companies through a separate business unit, treat those services as outside the Board's ... Summary
Securities And Exchange Board Of India (Registrars To An Issue And Share Transfer Agents) Regulations, 2025
Providing services to unlisted companies must be segregated into a separate business unit with a mandatory disclaimer and transition period.
Regulation 12 requires registrars to operate services to unlisted companies through a separate business unit, treat those services as outside the Board's regulatory jurisdiction, and provide an appropriate disclaimer to unlisted companies; registrars serving mutual funds and similar investment entities remain under the Board's purview, and existing providers must segregate such activities into a separate business unit within eighteen months of notification.
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