Circular MRD/CIR/2024/3709 of the Securities and Exchange Board of India dated 20th August, 2024 on the business of a registrar to an issue [C1K-FZ7]

MRD/CIR/2024/3709

Securities and Exchange Board of India

Mumbai, dated the 20th August, 2024

CIRCULAR

To

All Deputy General Managers,

Subject: The business of a registrar to an issue by registrars to an issue under the Securities and Exchange Board of India Act, 1992, regarding.

In exercise of the powers conferred by section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby issues the following

1. References have been received seeking clarification on the manner in which section 9 applies to the business of a registrar to an issue by registrars to an issue.

2. The matter has been examined. Every registrar to an issue carrying on the business of a registrar to an issue shall make an application in Form F to the Central Government within forty-five days, accompanied by a fee of five thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the business of a registrar to an issue is undertaken, and the Central Government shall dispose of it within forty-five days of its receipt.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Securities and Exchange Board of India.

(Chief General Manager)