Capital adequacy requirement exemption: internal corporate departments performing registrar functions are excluded from the capital threshold. The 1999 amendment inserts a proviso to regulation 7(2)(b) of the SEBI (Registrar to an Issue and Share Transfer Agents) Regulations, 1993, providing that the capital adequacy requirement shall not apply to a department or division of a body corporate performing the activities specified in sub clause (i) of clause (g) of regulation 2, thereby exempting such internal corporate divisions from the capital adequacy threshold.