The Ministry of Corporate Affairs has introduced a new form, i.e. Form PAS-6 (Reconciliation of Share Capital Audit Report on a half-yearly basis), which is basically used for the reconciliation of the share capital audit report on a half-year basis. Form PAS-6 is introduced in pursuance of the sub-rule (8) of rule 9A of the Companies […]
Everything about Rule 9A and e-Form PAS-6
All unlisted Public companies, except Nidhi Companies, Government Companies, or wholly-owned subsidiary companies, need to issue securities only in dematerialised form. It was made mandatory with a notification released on September 10, 2018. Rule 9A of the Companies (Prospectus and Allotment of Securities) Rules, 2014, was inserted. In this article, we are providing details of […]
Penal Provisions for Not Obtaining ISIN by Unlisted Public Companies
Recently, the MCA (Ministry of Corporate Affairs) has notified the latest form, i.e. Form PAS-6 (Reconciliation of Share Capital Audit Report on a half-yearly basis), which can be utilized in the reconciliation of the share capital audit report on a half-year basis for the public listed companies. The last date for filing of e-Form PAS-6 […]
Request Letter for Change of Name
Filing an Official Request with Registrar and Transfer Agent for Change of Name in Investment Folio. A shareholder who wishes to change their name in their investment portfolio must file a formal request with the concerned RTA (Registrar & Transfer Agent) appointed by the Company. The application for the same must be filled in the […]
SEBI Proposes Unified Category, Activity-Based RTA Rules
For Registrars and Transfer Agents (RTAs), SEBI has proposed rolling out activity-based norms, under which the services provided to listed companies fall within its statutory ambit, while those for unlisted firms will be governed by the Ministry of Corporate Affairs (MCA). RTAs that cater to both listed and unlisted entities shall be needed to build […]
Frequently Asked Questions (FAQs) on E-form PAS-6 | SAG RTA
Hope you all are doing well during this Pandemic. The very latest step of the MCA (Ministry of Corporate Affairs) encourages us to get some new compliance after every periodic interval, which also helps us to learn new things each year. Additionally, and even after 6 years of implementation, this new Companies Act, 2013, seems […]
FAQs on Mandatory Demat of Securities By Private Companies
Under section 29(1A) of the Companies Act, 2013 (‘the Act’), the Ministry of Corporate Affairs (‘MCA’) is authorized to define such classes of companies that can hold or transfer the securities just in dematerialized form. Under such authority, MCA, vide notification on September 10, 2018, inserted Rule 9A in the Companies (Prospectus and Allotment of […]
Download and File Form for Confirmation of Signature of the shareholder by the Banker
(Confirmation of Signature of the shareholder by the Banker with their official rubber stamp, giving the full address of the bank and the employee code number of the official signing this form.) This form is intended to be used by the banker to confirm the signature of a particular shareholder, as given in their database, […]
SEBI’s Latest Notifications Mandate Shares and Securities in Demat Form
The latest notifications by SEBI restrict listed companies from accepting a request for transfer of securities that are held in physical form, with effect from April 1, 2019. The recent amendments in provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations mandate the conversion of shares and other types of securities of listed companies from […]
R&T Agent and How They Manage Their Stakeholders?
A registrar or transfer agent is a trust or similar financial institution that registers and maintains complete data records of the transactions of investors for the ease of mutual fund companies. So the primary role of the Registrar & Transfer Agent is to maintain records of investors and account balances. A registrar and transfer agent […]
