SEBI (Securities and Exchange Board of India) has released a detailed notification, announcing crucial changes, including simplification of the procedure for transmission of securities. The Board has also standardized the formats of documents required for transmission of securities in order to further simplify the process for the Registrars to an Issue and Share Transfer Agents […]
Individual Affidavits To Be Given By ALL The Legal Heirs
Here is an individual affidavits duly given by all the legal heirs to be named in succession certificate/ probate of will/ will/ letter of administration/ legal heirship certificate(or its equivalent certificate)/court decree* (for transmission of securities on the death of sole holder where no nomination has been registered). Also, understand that each deponent (legal heir)must […]
Shareholder vs Stakeholder: Know who is Subset & Superset
In the corporate world, most attention-grabbing terms when it comes to investment are – Shareholder and Stakeholders. Both sound similar and are often interchanged but the terms vary from each other in terms of their investment in an organization, their relationship with an organization and their priorities in an organization. A shareholder is inevitably a […]
Transmission of Securities by Nominee or Legal Heir
Here we have explained the basic form structure of the Request for Transmission of Securities by Nominee or Legal Heir by the SEBI to the Registrar and Share Transfer Agent of India. Below one can find the complete steps to file the form as per the compliance. Also, there is a detailed manner under which […]
SEBI Issues Circular for RTA/STA, Relaxation from Compliance with Certain Provisions
Recently the government of India as well as SEBI has brought some of the major changes in the mutual fund compliance and the share market sector due to corona virus pandemic. SEBI has issued various circulars and guidelines in order to keep updated all of its concerned associations and stakeholders. Let us check out the […]
Know about Key Differences Between An IPO and FPO With SAG RTA
Being an investor or shareholder, it is essential to have an idea about the key distinctions between an Initial Public Offering (IPO) and Follow On Public Offer (FPO). The first and the most significant difference between both of them is that IPO is always offered for the very first time whereas an FPO will never […]
Complete Procedure For Right Issue of Shares Under Companies Act: 2013
Meaning of Right Issue of Shares: ‘Right Issue’ refers to the act of offering shares to the existing members of the company in proportion to their current shareholding via a letter of offer. Governing Section: SECTION 62 of Companies Act 2013 The Provisions of Section 62 of the Companies Act, 2013 bind all Private companies, […]
MCA Relaxes Imposing of Additional Fees on Certain Forms in the Domain of Companies/LLP
Considering the difficulties that are being faced by the various stakeholders while filing various forms under the Companies Act 2013 and LLP Act, 2008, the Ministry of Corporate Affairs through its circular bearing date May 3, 2021, has extended additional time up to July 3, 2021, for companies /LLPs to file such forms during April […]
FAQs Related to Dematerialization
Q.1 What is Dematerialization? Dematerialization is a process to convert securities (i.e. shares, bonds, etc.) held in physical form into an equal number of electronic forms. The converted securities in electronic form will be credited into the Demat account of the investor maintained by him with his Depository Participant (DP). Q.2 What are the benefits […]
Amendments in the Stamp Duty will be Effected from 1st July 2020
The government of India circulated some specific amendments to the stamp duty that shall be applicable from 1st July 2020. The amendments in the stamp duty were before scheduled to be executed from January however it gets postponed to April and then July. Collection of the stamp duty beneath the upgraded system: The amendments in […]
