TaxTMI 
TaxTMI 
Securities And Exchange Board of India (Registrars To An Issue And Share Transfer Agents) (Amendment) Regulations, 2011
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....ons, 1993, namely:- 1. These Regulations may be called the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2011. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In regulation 2, in clause (ba), the words "registration granted or renewed" shall be substituted with the words "initial or permanent registration granted". 4. In regulation 3, - (i) in the marginal note, after the word "certificate" the words "of initial registration" shall be inserted; (ii) in sub-regulation (1), after the word "certificate" and before the words "shall be made" the words "of initial registration" shall be inserted. 5. Regulation 8 shall be substitu....
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....ation under regulation 8, may, three months before the expiry of the period of certificate of initial registration, make an application for grant of certificate of permanent registration in Form A. (2) The registrar to an issue or share transfer agent who has already been granted a certificate of registration by the Board and has completed a period of five years, on the date of commencement of the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2011, may, three months before the expiry of validity of certificate of registration, or before, make an application for grant of a certificate of permanent registration in Form A. (3) An application under sub-regulation (1) or sub-....
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....egistration"; (iii) in clause (d), the words "certificate or renewal thereof" shall be substituted with the words "initial registration or permanent registration." 9. Regulation 9B shall be omitted. 10. In regulation 10, - (i) in sub-regulation (1), the words and figures "under regulation 3 or of renewal under regulation 9" shall be substituted with the words and figures "of initial registration under regulation 3 or of permanent registration under regulation 8A"; (ii) in sub-regulation (2), the words "or renew the certificate" shall be substituted with the words "initial registration or permanent registration, as the case may be,". 11. Regulation 11 shall be substituted as follows, namely: - "11. Effect of refusal to grant certifica....
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....) paragraph III shall be substituted with the following, namely:- "III. This certificate of registration shall be valid from ….. to …. / for permanent, unless suspended or cancelled by the Board." 14. In Schedule II, - (i) paragraph 1 shall be substituted with the following paragraphs, namely:- "1. Every registrar to an issue and share transfer agent, at the time of grant of certificate of initial registration, shall pay registration fee as specified below: (a) A registrar to an issue and share transfer agent falling under category I, as specified in sub-regulation (2) of regulation 3, shall pay fee of four lakh rupees; (b) A registrar to an issue and share transfer agent falling under category II, as specified in sub-r....
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....from the date of notification of these regulations, as the case may be." (b) clause (b) shall be substituted with the following, namely: - "(b) The fee referred to in paragraph 1AA shall be paid, at the time of grant of permanent registration, within fifteen days from the date of receipt of intimation from the Board and thereafter the fee shall be paid three months before expiry of the block for which fee has been paid.". (iii) in paragraph 2A, the words "renewal of registration under sub-regulation (1A) of regulation 9" shall be substituted with the words "permanent registration under sub-regulation (1) or sub-regulation (2) of regulation 8A". (iv) in paragraph 3, the word and figures "1 and 2A" shall be substituted with the word and f....