SEBI (Registrars to an Issue and Share Transfer Agents) (Second Amendment) Regulations, 2018

Jun 11, 2018 | by Avantis RegTech Legal Research Team


The Securities and Exchange Board of India (SEBI), on June 08, 2018 has made the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) (Second Amendment) Regulations, 2018 to further amend the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993.

In the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993, in Schedule III which gives the Code of Conduct for a Registrar to an Issue and Share Transfer Agent, in clause 5, in sub-clause c, the words “held in physical form and” shall be substituted by the symbol “,”.

Now, the amended clause 5 shall read as follows:

“A Registrar to an Issue and Share Transfer Agent shall always endeavor to ensure that -

a.       inquiries from investors are adequately dealt with;

b.      grievances of investors are redressed without any delay;

c.        transfer  of  securities , confirmation  of  dematerialisation / rematerialisation requests and distribution of corporate benefits and allotment of securities is done within the time specified under any law.”

These regulations shall come into force on the 180th day from the date of its publication in the Official Gazette.

[No. SEBI/LAD-NRO/GN/2018/25]

 

URL: http://www.egazette.nic.in/WriteReadData/2018/186286.pdf


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