Regulation 16 - Registrar to an issue and share transfer agent not to act as such for an associate
Securities And Exchange Board Of India (Registrars To An Issue And Share Transfer Agents) Regulations, 2025 Chapter III GENERAL OBLIGATIONS AND RESPONSIBILITIES
Contents
Acts
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Registrar to an issue and share transfer agent barred from acting for associate issuers to prevent conflicts of interest. Regulation 16 prohibits a registrar to an issue and share transfer agent from acting for any securities issue by a body corporate when the registrar and ... Summary
Registrar to an issue and share transfer agent barred from acting for associate issuers to prevent conflicts of interest.
Regulation 16 prohibits a registrar to an issue and share transfer agent from acting for any securities issue by a body corporate when the registrar and that body corporate are associates. An associate is defined where one party directly or indirectly controls at least ten percent of the other's voting rights or where a relative of a director, promoter, or key managerial personnel of one party is a director or promoter of the other; "relative" has the meaning in the Companies Act, 2013.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.