Regulation 13A - Registrar to an Issue not to act as such for an associate - Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993

1 [13A. Registrar to an Issue not to act as such for an associate.─ No registrar to an issue shall act as such registrar for any issue of securities in case he or it is an associate of the body corporate issuing the securities. Explanation.─ For the purpose of this regulation, a registrar to an issue or the body corporate as the case may be shall be deemed to be an associate of the other where:- (a) he or it controls directly or indirectly not less than 10 percent of the voting power of the body corporate or of the registrar to an issue, as the case may be; or, (b) he or any of his relative is a director 2 [or promoter] of the body corporate or of the registrar to an issue, as the case may be. The term 'relative' shall have the same meaning as is assigned to it under section 6 of the Companies Act, 1956.] ************* NOTES:- 1 Inserted by the SEBI (Registrars to an Issue and Share Transfer Agents) Amendment Regulations, 1997, w.e.f. 17-9-1997. 2 Inserted by the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, w.e.f. 26- 08-2009.