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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Clarification with respect to Qualified Registrar and Transfer agents (RTAs)

10-Mar-2023 | SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/36

The Securities Exchange and Board of India issued a circular regarding the clarification concerning Qualified Registrar and Transfer agents (RTAs) in pursuance of a previous circular issued by SEBI dated 8th September 2017 concerning the Cyber Security and Cyber Resilience Framework for Registrar and Transfer agents (RTAs).
By virtue of this circular, the following clarifications have been given:
1. An RTA shall be categorized as a QRTA if the combined number of physical and demat folios being serviced by the RTA for listed companies exceeds 2 crores and the intimation shall also be sent to SEBI within 5 working days.
2. An RTA shall be considered as a QRTA from the date of categorization as a QRTA for the next 3 financial years, irrespective of subsequent falls in the number of folios.
3. The new QRTA shall comply with all the enhanced requirements mandated for QRTAs within a period of 60 days from its categorization.

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