Regulation 13A - Registrar to an Issue not to act as such for an associate - Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993

1 [13A. Registrar to an Issue not to act as such for an associate. No registrar to an issue shall act as such registrar for any issue of securities in case he or it is an associate of the body corporate issuing the securities. Explanation. For the purpose of this regulation, a registrar to an issue or the body corporate as the case may be shall be deemed to be an associate of the other where:- (a) he or it controls directly or indirectly not less than 10 percent of the voting power of the body corporate or of the registrar to an issue, as the case may be; or, (b) he or any of his relative is a director 2 [or promoter] of the body corporate or of the registrar to an issue, as the case may be. The term relative shall have the same meaning as is assigned to it under section 6 of the Companies Act, 1956.] ************* NOTES:- 1 Inserted by the SEBI (Registrars to an Issue and Share Transfer Agents) Amendment Regulations, 1997, w.e.f. 17-9-1997. 2 Inserted by the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, w.e.f. 26- 08-2009.