Share transfer agent

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Regulation 7

The listed company shall appoint a transfer agent or manage the share transfer facility in house.

In the case of in – house transfer facility, when the total number of holder of security of the listed entity exceed 1 lakh the listed entity shall either register with the board as category II share transfer agent or appoint Registrar to issue an issue, a share transfer agent registered with the board and

The listed entity shall ensure that all the activity related to share transfer facility are maintained either in house or by registrar to an issue and share transfer agent register with the board.

Compliance certificate is to be submitted to stock exchange, duly signed by the compliance officer of the listed entity and the authorised representative of the share transfer agent, wherever applicable, within 30 days from the end of financial year, certifying compliance with the requirements of sub- regulation (2).

The listed entity shall intimate such an appointment to the stock exchange within seven days of entering into agreement.

If there is any change or appointment in new share transfer agent the listed entity shall entered into a tripatite agreement between the existing share transfer agent, new share transfer agent and the listed entity

If the existing share transfer facility is managed in-house, the agreement referred above shall be entered into between the listed entity and the new share transfer agent.

The agreements referred to above should be placed at the subsequent meeting of board of directors.

Provided that the requirements of this regulation shall not be applicable to the units issued by mutual funds that are listed on recognised stock exchange(s).

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