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REGISTRAR AND TRANSFER AGENTS (RTA)

2.
<ul><li>The shares for transfer may be lodged with Registrar and Share Transfer Agent (RTA) or the Company at its Registered Office. </li></ul><ul><li>All transfer requests are processed by the RTA within a period of 15 to 30 days from the date of receipt, if documents are in order in all respect. </li></ul><ul><li>In case of non-receipt of response from the RTA within 30-35 days of lodging the transfer request, you may contact them with details of documents to find out the current status of shares. </li></ul>REGISTRARS OR SHARE TRANSFER AGENTS

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<ul><li>Definitions: </li></ul><ul><li> </li></ul><ul><li>“ share transfer agent” means any person who maintains the record of holders of securities and deals with all matters connected with the transfer or redemption of securities or activities incidental thereto;’ (section 65(95a) of the Finance Act, 1994) </li></ul><ul><li> </li></ul><ul><li>“ taxable service” means any service provided or to be provided to any person, by a share transfer agent, in relation to securities (section 65(105)(zzzj)) </li></ul><ul><li> </li></ul>

4.
<ul><li>Value of Taxable Service: </li></ul><ul><li> </li></ul><ul><li>The value of taxable service shall be the gross amount charged by the service provider for providing such service and the money value of any other consideration ( if any) received for providing such service. </li></ul><ul><li> </li></ul><ul><li>Scope of Service: </li></ul><ul><li> </li></ul><ul><li>A person who provides service to a body corporate. The services include maintenance of the record of holders of securities and dealing with all matters connected with transactions or redemption of securities. </li></ul><ul><li>The service providers are required to be registered under SEBI Rules. </li></ul>

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<ul><li>GUIDELINES FOR RTA: </li></ul><ul><li>SEBI’s authorization is a must to act as RTA. Authorization criteria include </li></ul><ul><li>Professional qualification in finance, law or business management </li></ul><ul><li>Infrastructure like office space, equipment and man power </li></ul><ul><li>Capital adequacy </li></ul><ul><li>Past track of record, experience, general reputation and fairness in all transactions </li></ul><ul><li>Every RTA should maintain copies of balance sheet, Profit and loss account, statement of financial position </li></ul><ul><li>Half-yearly unaudited result should be submitted to SEBI </li></ul><ul><li>RTA are prohibited from buying securities based on the unpublished price sensitive information of their clients </li></ul>

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<ul><li>SEBI has been vested with the power to suspend or cancel the authorisation in case of violation of the guidelines </li></ul><ul><li>Every RTA shall appoint a ‘Compliance Officer‘ to monitor compliance of the Act </li></ul><ul><li>SEBI has the right to send inspecting authority to inspect books of accounts, records etc… of RTA </li></ul><ul><li>Inspections will be conducted by SEBI to ensure that provisions of the regulations are properly complied </li></ul><ul><li>An initial authorization fee, an annual fee and renewal fee may be collected by SEBI </li></ul>

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<ul><li>CODE OF CONDUCT : </li></ul><ul><li>Should make all efforts to protect the interest of investors </li></ul><ul><li>Should maintain high standards of integrity,dignity and fairness in conduct of business </li></ul><ul><li>Should fulfill all obligations in a professional and ethical manner </li></ul><ul><li>Should not discriminate among the clients </li></ul><ul><li>Should ensure that prospectus, letter of offer etc.. is available to investors at the time of issue </li></ul><ul><li>Should render best possible advice to its clients </li></ul><ul><li>Any penal action taken by SEBI should be informed to its clients </li></ul>

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<ul><li>Should inform the board about any legal proceedings initiated against it </li></ul><ul><li>Should abide by the rules of ‘‘Securities and Exchange Board of India Regulations,2003 “ </li></ul><ul><li>Shall develop its own internal code of conduct for governing its internal operations </li></ul><ul><li>Should ensure that any person it employs should have the capacity to be a merchant banker </li></ul><ul><li>It is responsible for the act of its employees and agents </li></ul><ul><li>Should not create false market </li></ul>

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<ul><li>LIABILITY FOR ACTION IN CASE OF DEFAULT: </li></ul><ul><li>FAILS TO COMPLY WITH ANY CONDITIONS SUBJECT TO WHICH REGISTRATION HAS BEEN GRANTED </li></ul><ul><li>CONTRAVENES ANY OF THE PROVISIONS OF THE ACT, RULES MADE THERE UNDER </li></ul><ul><li>CONTRAVENES THE PROVISIONS OF THE SCRA AND THE RULES MADE THERE UNDER, THE RULES AND REGULATIONS OF STOCK EXCHANGE. </li></ul>

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<ul><li>PREE ISSUE WORK </li></ul><ul><li>ISSUE WORK </li></ul>