The Central Government notifies the Registrars to an Issue and/or Share Transfer Agents as a depository for acting as collecting agent .

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.

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