Registrars to an Issue and Share Transfer Agents

 
Get Started Now-
  • Application filling before
  • Business Case Analysis
  • End to end legal advisory
Request a call back
Secured by Norton

Who are transferred Agents under SEBI Regulations?

Registrars or transfer agents can be defined as establishments in the form of trust or institutions that registers and as well as maintains a complete record of transactions of the investors, for the benefit or convenience of Mutual Funds houses and listed entities.

In terms of Investor transactions, we mean buying, changes in personal data, exchanges, processing of emails and related information which occur frequently that needs to be maintained. the registrar or transfer agents having expertise in maintenance of such data on a professional basis thereby contributes to cost saving and especially, the time involved in maintaining the records of investor transactions.

They also provide investors the information about the new offers, maturity date at one place. Some of the known RTAs are Karvy, Computer age management services etc.
The provisions of RTAs are regulated by the board on the basis of guidelines issued by them i.e Securities and Exchange Board of India (Registrars to an Issue and share transfer agent) Regulations,1993. Therefore, it is the foremost requirement for the applicant to get itself registered with SEBI.

There are basically two categories among which applicant is required to be registered as registrar to an issue or transfer agent is described below:

Category 1 – Carry on the activities as both registrars to an issue as well as share transfer agent.

Category 2 - Carry on the activity as registrar to an issue or Share transfer agent.

Procedure for getting registered with SEBI is described as follows

  • An applicant seeking to get registered as a registrar to an issue or share transfer agent shall make an application to the board in Form A accompanied along with the non- refundable fees of INR Six lacs for category 1 and INR Two lacs for category 2.
  • After receiving an application, the board may intimate the applicant to provide such further information as required ask them to appear in person as well.
  • If the Board comes to the conclusion that the application is not complete in all respect and also it does not confirm the instructions as per the prescribed forms, then the Board may reject the application. Before rejecting, an opportunity to remove the shortcomings within a specified time shall be given.
  • The Board before granting the certificate of registration, take into the note all the matters which are related to the activities and in particular the following as described below:
  1. The applicant has adequate infrastructure like office space, equipment’s, and the most importantly the manpower to discharge the activities.
  2. Whether they have any past experience in the related activities.
  3. Any person directly or indirectly linked with applicant to whom Board has denied the registration.
  4. Capital adequacy should not be less than the net worth of INR Fifty lacs in case of category 1 whereas, in case of category 2 it shall not be less than INR Twenty-Five lacs.
  5. The applicant shall be a fit and proper person as per the criteria prescribed in Schedule 11 of the regulations.

The board, on being satisfied, shall send intimation to the applicant also mentioning the category in which they are found to be eligible for the registration and grant certificate of registration in Form B along with the payment of fees as prescribed in schedule II.

The certificate of Registration remains valid until it gets rejected or suspended.

Enterslice is an award-winning legal technology company having a team of qualified professionals provides services in getting registration with the Board as Registrar to an issue and Share Transfer Agent.

Applicants interested in entering this field can raise their queries by emailing us at info@enterslice.com or visiting our website www.enterslice.com

Why Enterslice?
Asia Winner
Top 100 Most Innovative Companies in Asia - Red Herring
Top 25 Consultants
Top 25 Consulting Firm in India - Consultants Review
100%
Success Rate. Your Order Comes with Money Back Guarantee
100+
Services delivered by 100+ Qualified CA and CS
Latest news
Enterslice begins operations in Hong Kong
Enterslice begins operations in Hong Kong

Hong Kong [China], May 04 (NewsVoir): Enterslice has earned a remarkable reputation for helping..

Read more
Peer to peer lending now needs NBFC registration - Interview of Narend..
Peer to peer lending now needs NBFC registration - Interview of Narend..

Apart from helping these startups raise organized funding, this announcement also means that the..

Read more
Prodigee Finance gets license from Reserve Bank of India
Prodigee Finance gets license from Reserve Bank of India

It's quite understandable that the rules and regulations of the Reserve Bank of India make it a c..

Read more
As seen in
Testimonials
5.0

" Enterslice use technology better than others. That saves time and money; Team enterslice is more efficient than traditional competitors, and that helps to pass on the cost advantage to its clients. The company is building a high-level transparency in legal services by optimum use of technology and process automation in consulting. I highly recommend this company. "

Nilanjan Bandyopadhyay
Nilanjan Bandyopadhyay
5.0

" Excellent advisory role by Enterslice Team. They are a trusted partners to us. Narendra and his team helped us with our pre NBFC applications and Post NBFC advisory services. "

Amit Goel
Amit Goel
5.0

" Amazing services provided by your organization. They have completed our NBFC registration order within stipulated time period of 90 days. They provide constant guidance and support in the process. Their support in building fintech software is amazing. "

Manisha Mantri
Manisha Mantri
Trusted by
Finstar Financial
Fashiontv
Bioworld
Acme Solar
Opera Software
BANK OF AMERICA
Razorpay