How to Withdraw from a Partnership in India
Starting a new business with a partner is exciting, isn’t it? But, as seen at times, things do not always quite go as expected. Any of the partners, voluntaril ...
Share Transfer Agent SEBI Registration
Get hassle free paper work license done to conduct business of share transfer in no time.
10000+
Happy Customers
15+
Industry Experience
50+
Experience CA + Lawyers
Free Consultation by Expert
Roles of Registrar to an Issue
- Collecting applications from investors with respect of an issue.
- Proper maintenance of applications, and any monies received from investors or paid to the seller of securities, and
- Providing comprehensive support to the company during the securities issuance process, including determining the allocation of securities in collaboration with the stock exchange, finalizing the list of eligible recipients, and handling the processing and dispatch of allotment letters, refund orders, certificates, and other relevant documentation.
Roles of Share Tranfer Agent
- Endorsement of certificates/for allotment/call monies.
- Transmission, consolidation, sub-division of securities.
- Cancel the name and certificate of the shareholder who had sold the shares of securities, and replace it with the new shareholder.
- Dispatch of transferred securities and securities received for transmission/consolidation/sub-division etc, directly to the investors.
- A registrar must obtain prior approval from the Board to continue operating in that capacity after the change.
- Irrespective of its obligations under any other laws, the registrar must engage in a legally binding agreement with the relevant corporate entity, individual, or group on whose behalf it serves as a registrar for an issue or a share transfer agent. This agreement should outline the specific allocation of duties and responsibilities between both parties.
- Payment of registration fees must be made in accordance with the prescribed regulations.
- The registrar is required to maintain the specified capital adequacy requirements as outlined in the regulations continuously during the initial or permanent registration period.
- The registrar must take prompt measures to address investor complaints within one month of receiving them. Furthermore, it should keep the Board informed about the number, nature, and resolution details of these complaints.
- Compliance with the regulations formulated under the Act pertaining to the activities carried out as a registrar for an issue or a share transfer agent is mandatory.
- Any changes in the information provided during the registration process must be promptly communicated to the Board.
- Maintains adequate infrastructure: Possesses the necessary office space, equipment, and manpower to effectively carry out its activities.
- Show relevant experience: Has prior experience in the relevant activities to ensure competent performance.
- Ensures compliance with registration requirements: No individual directly or indirectly connected with the entity has been denied registration by the Board under the Act.
- Adheres to capital adequacy norms: Meets the capital adequacy requirements specified in the regulations.
- Maintains a clean record: Is not subject to any disciplinary proceedings under the Act.
- Upholds ethical standards: None of its directors, partners, or principal officers have been convicted of offenses involving moral turpitude or found guilty of economic offenses.
- Exhibits fit and proper character: Meets the criteria for fit and proper persons as specified in Schedule II of the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.
- We help to maintain accurate and up-to-date registers of security holders, including details of their holdings, transfers, and redemptions. These registers must be readily accessible to SEBI for inspection upon request.
- Get expert advise on efficiently handle transfers and redemptions of securities, ensuring compliance with applicable regulations and procedures.
- Guiding you with all applicable SEBI regulations, circulars, and guidelines.
- Help you to submit an annual auditor's report to SEBI, providing an assessment of their financial position, compliance with regulations, and effectiveness of internal control systems.
Mr. Manish is highly professional. We get the best service and advice. Very punctual and dedicated team, always stays upfront in informing anything to avoid obligations. Thank you so much.
Raman Shukla
COO at VSERV Infosystems & Founder VSERV Academy
Mr. Manish Mishra's team provided invaluable guidance and expertise in Fintech and NBFC advisory, helping us navigate complex financial regulations and achieve remarkable growth in our business. Their insights are truly a game-changer.
Abhishek M R
Managing Director AMR FINANCE PVT LTD
Mr. Manish, as our Virtual CFO, has been instrumental in propelling our business to spontaneous growth. His expert guidance and strategic insights have transformed our financial landscape, paving the way for remarkable success.
Ajay Kumar
Founder & CEO - Eagabriz Shipping Pvt Ltd
The SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 defines registrars or transfer agents as institutions that register and keep full records of investor transactions for mutual fund firms’ convenience.
A transfer agent’s principal functions are to issue and cancel certificates to reflect changes in ownership of the securities of an entity and to act as an intermediary for the company. A registrar’s function is to maintain the register of the issuer for each issue of securities.
Different categories of AIF have different Capital Requirements:
1. Category 1 RTA shall have a minimum Net Worth of INR 50 Lakhs;
2. Category 2 RTA shall have a minimum Net Worth of INR 25 Lakhs;
Why LLP Registration is the Best Option for You
A Limited Liability Partnership (LLP registration), as the name proposes, is a corporate business entity that enables a partnership between the business partne ...
5 Reasons to Register Your Partnership Firm
Most start-ups in recent times are thus evolving as partnership firms. Predominantly, the business types in India are either proprietorship firms or partnershi ...