Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
New regulations consolidate and replace the 1993 framework for registration and regulation of registrars to an issue and share transfer agents, requiring a SEBI certificate to act and prescribing application, scrutiny, hearing, reconsideration, and fee-payment mechanics; non-payment can result in suspension and cessation of activities. They set eligibility and ongoing conditions, including minimum net worth of ₹50 lakh (with an 18-month transition for existing registrants), prior approval for change in control, mandatory client agreements, appointment of a compliance officer, maintenance and 8-year preservation of specified records, and investor grievance redressal within 21 calendar days, with dispute resolution via Board-specified mechanisms. Services to unlisted companies must be segregated into a separate unit and disclaimed as outside SEBI jurisdiction (subject to stated exceptions), with an 18-month migration. They mandate internal controls, surveillance, escalation, and whistleblower systems, and provide for inspection, audit, and default action under the SEBI Intermediaries Regulations, 2008, with savings on repeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
