Securities and Exchange Broad of India



Dated- June 17, 2011

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
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 RTUSTAs 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-1712008 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.

5. This circular is available on SEBI website ( under the categories “Legal Framework” and “Circulars”.

Yours faithfully,

Deputy General Manager
Tel. No: 022-26449220
Email id: [email protected]

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