https://www.taxtmi.com/acts?id=35456 The Capital Adequacy Requirement requires applicants for registration as registrars to an issue and share transfer agents to hold a minimum networth, with specified thresholds for two applicant categories. A transitional clause obliges existing registrants to raise networth to the prescribed minimum within three years of the amendment. An exemption excludes a department or division of a body corporate performing certain activities from this requirement. "Networth" is defined: for proprietors, firms or associations it is capital contributed plus free reserves; for bodies corporate it is paid up capital and free reserves as shown in the books at application time. en-us Wed, 23 Jan 2019 13:01:09 +0530 Sat, 14 Sep 2024 17:24:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35456 The Capital Adequacy Requirement requires applicants for registration as registrars to an issue and share transfer agents to hold a minimum networth, with specified thresholds for two applicant categories. A transitional clause obliges existing registrants to raise networth to the prescribed minimum within three years of the amendment. An exemption excludes a department or division of a body corporate performing certain activities from this requirement. "Networth" is defined: for proprietors, firms or associations it is capital contributed plus free reserves; for bodies corporate it is paid up capital and free reserves as shown in the books at application time. Act-Rules SEBI Wed, 23 Jan 2019 13:01:09 +0530 https://www.taxtmi.com/acts?id=35456