Registrars and Transfer Agents

What this module covers

Registrars to an Issue and Share Transfer Agents (RTAs) — the intermediaries who maintain investor records, process corporate actions (dividends, bonus, rights, redemptions) and handle share transfers/demat-related record-keeping on behalf of issuers — are now governed by the SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 2025, notified in December 2025, which consolidate and replace the earlier 1993 framework. The 2025 regulations raise the minimum net worth requirement to ₹50 lakh, tighten fit-and-proper and infrastructure/governance criteria for registration, and give existing registrants an 18-month transition window to comply. They also introduce a formal compliance-officer requirement, internal-control and fraud-prevention systems, a whistle-blower mechanism, and an Investor Charter to protect investors whose records RTAs hold.

The 8 control pages below map this framework to operational checkpoints — confirming legal/registration status and governance composition (P-01, P-02) through onboarding due diligence (P-03), investor-record and funds/securities custody controls (P-04), fee and valuation controls (P-05), disclosure and reporting (P-06), investor-complaint handling (P-07) and inspection/enforcement readiness (P-08) — covering corporate-actions processing and cyber-resilience obligations as one connected compliance workflow.

Control pages

Official sources

• SEBI — Registrars to an Issue and Share Transfer Agents Regulations, 2025

Current law status: in force as of this review date; the 2025 Regulations (notified December 2025) replaced the 1993 framework. Verify for further amendments before relying on this page for a live compliance decision.