The Department of Revenue in its Notification dated 8th January, 2020, notifies the “Registrars to an Issue and/or Share Transfer Agents” registered under the Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 as a “depository” for the limited purposes of acting as a “collecting agent”, in case of instruments of transaction otherwise than through a recognized stock exchange or depository.
Click here to read the Notification.