Regulation 9A - Conditions of registration - Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993

1 [9A. Conditions of registration.─ (1) 2 [registration granted under regulation 8]] shall be subject to the following conditions, namely:- (a) where a registrar to an issue or a share transfer agent proposes 3 [change in control], it shall obtain prior approval of the Board for continuing to act as such after the change; (b) without prejudice to its obligations under any other law for the time being in force, it shall enter into a legally binding agreement with the body corporate or the person or group of persons for or on whose behalf it is acting as a registrar to an issue or a share transfer agent stating therein the allocation of duties and responsibilities between itself and such body corporate or person or group of persons, as the case may be; (c) 4 [it shall pay the fees for registration, in the manner provided in these regulations;] (d) it shall maintain capital adequacy requirements specified in regulation 7 at all times during the period of the 5 [initial registration or permanent registration]; (e) it shall take adequate steps for redressal of grievances of the investors within 7 [ twenty-one calendar days ] of the date of the receipt of the complaint and keep the Board informed about the number, nature and other particulars of the complaints received and the manner in which such complaints have been redressed; (f) it shall abide by the regulations made under the Act in respect of the activities carried on by it as a registrar to an issue or a share transfer agent. 6 [(g) it shall immediately intimate the Board, details of changes that have taken place in the information that was submitted, while seeking registration.] (2) Nothing contained in clause (a) of sub-regulation (1) shall affect the obligation to obtain a fresh registration under section 12 of the Act in cases where it is applicable. ********* 1 Inserted by the SEBI (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2006, w.e.f. 7-9-2006. 2 Substituted for the words Any 36[initial registration] granted under regulation 8 or any 36[permanent registration granted under regulation 8A by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to this. The words initial registration were substituted for registration by the SEBI (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 3 Substituted for to change its status or constitution by the SEBI (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2011, w.e.f. 19-4-2011. 4 Substituted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. Prior to substitution clause (c) read as under: it shall pay the fees for 38[initial registration or permanent registration], as the case may be, in the manner provided in these regulations; Prior to this the words initial registration or permanent registration were substituted for the words registration or renewal by the SEBI (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 5 Substituted for certificate or renewal thereof , by the SEBI (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2011, w.e.f. 5-7-2011. 6 Inserted by the Securities and Exchange Board of India (Change In Conditions Of Registration Of Certain Intermediaries) (Amendment) Regulations, 2016 w.e.f. 08-12-2016. 7. Substituted vide Notification No. SEBI/LAD-NRO/GN/2023/146 dated 16-08-2023 before it was read as, one month