The Securities and Exchange Board of India (SEBI) has notified the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2023. These Regulations will amend the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993. The Amended Regulations were notified by SEBI on 9th January, 2023 and are effective from that date.
The amended regulations state that a registrar to an issue and share transfer agent who has been granted a certificate of registration will have to pay a fee to keep its registration in force. Since the certificate of registration is granted for 6 years, the fee will be payable subsequently every 3 years.
The scheme of payment of fees shall be as follows:
- A registrar to an issue and share transfer agent who seeks to carry on the activities as a registrar to an issue and share transfer agent shall pay a fee of two lakh and seventy thousand rupees;
2. A registrar to an issue or share transfer agent who seeks to carry on the activity either as a registrar to an issue or as a share transfer agent shall pay a fee of ninety thousand rupees.
