On June 21, 2023, the Securities and Exchange Board of India (SEBI) issued a circular. It states new regulations for issuing units of Alternative Investment Funds (AIFs) in the form of dematerialisation. The action is a crucial move proposing to enhance transparency and protect investors. In the Circular, deadlines and compliance requirements for these modifications […]
Category: RTA Team
Top 5 SEBI Registered Registrar and Share Transfer Agent in India
The Registrars and Transfer Agents are important in keeping track of investors’ activities and records. They help manage the buying and selling of shares in mutual funds, along with other tasks like updating personal information and switching between different funds. When investors make these changes, Registrars and Transfer Agents monitor everything to ensure that all […]
NSDL Circular: Revision Towards By-Laws and Business Rules
Here in this post, we will discuss about complete circulars as per the NSDL which will guide the reader to understand make a decisive part of its process within the compliance of SEBI and competitive authorities. Subject:- Amendments to Bye Laws and Business Rules of NSDL – Operational Guidelines for Demat of securities received for […]
Standardization of Documents for the Transmission of Securities and Simplification of Procedures
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 […]
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 […]
Procedure for Investors Service Request for Transmission of Securities
The operational rules for the processing of the investor service requests towards the transmission of the securities are mentioned as: The RTA/Issuer Companies shall use the format for
What are Documents Required for Transmission of Securities
TRANSMISSION OF SECURITIES:- ‘Transmission of Securities’ refers to the process of transferring the ownership of certain securities from the current owner to another person (legal heirs, nominee, joint holder, etc.) in case of death or lunacy of the current owner, or through inheritance or insolvency. Announcement:- As per the SEBI Circular dated May 18, 2022, […]
Details of Complete Form- MGT 7 Annual Return (New Rules)
On March 5, 2021, the MCA (Ministry of Corporate Affairs) issued a Notification via Companies (Management and Administration) Amendment Rules, 2021, Chapter VII of the Companies Act, 2013. The aforesaid rules shall be effective from March 05, 2021, i.e. the same date. In this notification, Rule 11 has been amended, i.e. Annual Return in Rule 11, […]
Demat Account – What it is and How To Open A Demat Account Online
Shares are offered by companies incorporated in India under the Companies Act, 2013. These shares are either present in physical form or electronic form. Tangible share certificates owned by investors are physical shares with physical presence; whereas shares held in electronic form are dematerialised shares owned by investors in their Demat account. So, we can […]
