Common and simplified norms for Registrars to an Issue and Share Transfer Agents

The Securities Exchange Board of India vide circular dated November 03, 2021, as an on-going measure to enhance the ease of doing business for investors in the securities market, has issued the following norms for Registrars to an Issue and Share Transfer Agents(RTAs):

1. Common and simplified norms as prescribed in the circular shall be followed for processing any service request from the holder, pertaining to the captioned items, by the RTAs;
2. Electronic interface for processing investor’s queries, complaints and service request;
3. Mandatory furnishing of PAN, KYC details and Nomination by holders of physical securities;
4. Freezing of folios without valid PAN, KYC details and Nomination;
5. Compulsory linking of PAN and Aadhaar by all holders of physical securities.