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This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

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Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

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Mar 31, 2023

Clarification Regarding Qualified RTAs

SEBI by way of its Circular dated September 08, 2017, had categorised registrars and transfer agents (‘RTA’) that service more than two crore (20 million) folios as a Qualified RTA (‘QRTA’). In this regard, SEBI by way of Circular dated March 10, 2023 (‘Circular’), has clarified that an RTA will be categorized as a Qualified RTA, for the next three financial years, if at any time in a financial year, the combined number of physical and demat folios being serviced by the RTA for listed companies exceeds two crores (20 million) and this status will not change irrespective of any subsequent fall in folios. Further, the Circular requires RTAs that exceed this threshold to: (i) intimate SEBI within five working days; and (ii) implement enhanced requirements mandated for QRTAs within 60 days thereof.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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