Qualified RTA status clarified, triggering enhanced compliance obligations and reporting requirements for affected registrars immediately. An RTA is categorised as a Qualified RTA if its combined physical and demat folios for listed companies exceed the folio threshold during a financial year; the RTA must notify SEBI within five working days. A categorised RTA remains subject to QRTA requirements for the next three financial years irrespective of subsequent folio reductions. Newly categorised QRTAs receive a sixty-day period to comply with enhanced systems, internal policy frameworks and reporting obligations.
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Provisions expressly mentioned in the judgment/order text.
Qualified RTA status clarified, triggering enhanced compliance obligations and reporting requirements for affected registrars immediately.
An RTA is categorised as a Qualified RTA if its combined physical and demat folios for listed companies exceed the folio threshold during a financial year; the RTA must notify SEBI within five working days. A categorised RTA remains subject to QRTA requirements for the next three financial years irrespective of subsequent folio reductions. Newly categorised QRTAs receive a sixty-day period to comply with enhanced systems, internal policy frameworks and reporting obligations.
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