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    <title>Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 2025</title>
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    <description>Establishes mandatory registration by the Board for registrars to an issue and share transfer agents, with applications in prescribed Form A, payment of specified fees, and Board assessment of corporate status, infrastructure, experience, compliance arrangements, audit oversight and a minimum net worth of fifty lakh rupees. Registration is granted in Form B and is subject to conditions including Board approval for change in control, maintenance of net worth, grievance redressal within twenty-one days, segregation of services to unlisted companies into separate business units, retention of records, appointment of a compliance officer, adherence to a detailed Code of Conduct, and submission to Board inspections and enforcement under the intermediaries regime.</description>
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