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<h1>Registrars to an Issue and Share Transfer Agents: consolidated master circular-registration, demat service rules, QRTA obligations.</h1> SEBI issues a consolidated Master Circular for RTAs rescinding listed prior circulars while deeming past actions and pending applications to continue under corresponding provisions. It mandates online registration via the SEBI Intermediary Portal, prescribes registration and change in control procedures, net worth and half yearly reporting, appointment of a Compliance Officer, and record retention. RTAs servicing over two crore folios are designated QRTAs with enhanced governance, risk, BCP, wind down, data protection and cyber audit obligations. Operational rules standardize issuance of a Letter of Confirmation for service requests, credit to Suspense Escrow Demat Accounts where demat requests lapse, and mandatory PAN/KYC/nomination with freezing of non compliant folios.