Securities and Exchange Board of India (Registrars To An Issue And Share Transfer Agents) Second Amendment Regulations, 2011. - LAD-NRO/GN/2011-12/18/26148 - SEBI
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Networth requirements increased for registrars and share transfer agents; transitional compliance period mandated to meet revised minimums Amendment increases minimum networth thresholds in Regulation 7(2)(a) and (b) for registrars to an issue and share transfer agents, brings the Regulations into force on publication in the Official Gazette, and mandates that entities registered prior to commencement raise their networth to the revised minima within three years; the existing proviso is amended by insertion of the word 'further.'
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Networth requirements increased for registrars and share transfer agents; transitional compliance period mandated to meet revised minimums
Amendment increases minimum networth thresholds in Regulation 7(2)(a) and (b) for registrars to an issue and share transfer agents, brings the Regulations into force on publication in the Official Gazette, and mandates that entities registered prior to commencement raise their networth to the revised minima within three years; the existing proviso is amended by insertion of the word "further."
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