Prescribed authority registration expands officials authorised to endorse share transfer forms beyond company registrars.
The notification appoints additional prescribed authorities to endorse forms of transfer of shares under section 108(1A) read with rule 5A(1), extending endorsement powers beyond Registrars of Companies to specified posts-Company Prosecutors, Superintendents, Senior and Junior Technical Assistants, Accounts Officer-in various Regional Director and Registrar of Companies offices, and to designated non registrar officials including an Official Liquidator, an Assistant Commissioner of Income tax, and Consular Officers abroad.