Periodical report - Grant of prior approval to Registrars to an Issue and Share Transfer Agents

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CIRCULAR
CIR/MIRSD/5/2011 June 17, 2011
To
All Registrars to an Issue and Share Transfer Agents registered with SEBI Dear Sir/ Madam, Sub: Periodical report- Grant of prior approval to registrars to an issue and share transfer agents

1. SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993
   {hereinafter referred to as "the said Regulations"}, have been amended vide Notification No. LAD-NRO/GN/2011-12/03/12650 dated April 19, 2011 {hereinafter referred to as "the said amendment"}, a copy of which is available on SEBI website www.sebi.gov.in
2. With the said amendment, the requirement of taking prior approval by the
   Registrars to an Issue and Share Transfer Agents (RTI/STA) from SEBI for change in status or constitution has been dispensed with. However, the RTI/STAs are required to take prior approval from SEBI for change in control.
3. Pursuant to the aforesaid notification, all RTI/STAs shall report the following
   change(s) to SEBI in the quarterly reports submitted in accordance with the SEBI Circular No. MIRSD/DPS-2/RTA/Cir-17/2008 dated May 06, 2008, commencing from the quarter ended June 30, 2011. a. Amalgamation, demerger, consolidation or any other kind of corporate restructuring falling within the scope of section 391 of the Companies Act, 1956 (1 of 1956) or the corresponding provision of any other law for the time being in force b. Change in Director, including managing director/ whole-time director
   c. In case of a partnership firm any change in partners not amounting to
   dissolution of the firm d. Change in shareholding not resulting in change in control If there is no change during the relevant quarter, it shall be indicated in the report.
4. This circular is issued in exercise of powers conferred under Section 11(1) of the
   Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.

¼ããÀ¦ããè¾ã ¹ãÆãä¦ã¼ãîãä¦ã ‚ããõÀ ãäÌããä¶ã½ã¾ã ºããñ¡Ã Securities and Exchange Board of India

5. This circular is available on SEBI website (www.sebi.gov.in) under the categories
   “Legal Framework” and “Circulars”.
   Yours faithfully,
   K. SARAVANAN
   Deputy General Manager
   Tel. No: 022-26449220
   Email id: saravanank@sebi.gov.in