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TMI BlogSecurities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2003.X X X X Extracts X X X X X X X X Extracts X X X X ..... change Board of India (Registrars to an Issue and Share Transfer Agents) (Amendment) Regulations, 2003. (ii) They shall come into force on the date of their publication in the Official Gazette. 2. In Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 - a. For the existing Schedule III, the following Schedule III shall be substituted, namely: - SCHEDULE III Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 [Regulation 13] CODE OF CONDUCT 1. A Registrar to an Issue and Share Transfer Agent shall maintain high standards of integrity in the conduct of its business. 2. A Registrar to an Issue and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lict of interest and make adequate disclosure of its interest. 9. A Registrar to an Issue and Share Transfer Agent shall put in place a mechanism to resolve any conflict of interest situation that may arise in the conduct of its business or where any conflict of interest arises, shall take reasonable steps to resolve the same in an equitable manner. 10. A Registrar to an Issue and Share Transfer Agent shall make appropriate disclosure to the client of its possible source or potential areas of conflict of duties and interest which would impair its ability to render fair, objective and unbiased services. 11. A Registrar to an Issue and Share Transfer Agent shall not indulge in any unfair competition, which is likely to harm the inter ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ith the award of the Ombudsman passed under Securities and Exchange Board of India (Ombudsman) Regulations, 2003. 17. A Registrar to an Issue and Share Transfer Agent shall co-operate with the Board as and when required. 18. A Registrar to an Issue and Share Transfer Agent shall not neglect or fail or refuse to submit to the Board or other agencies with which he is registered, such books, documents, correspondence, and papers or any part thereof as may be demanded / requested from time to time. 19. A Registrar to an Issue and Share Transfer Agent shall ensure that the Board is promptly informed about any action, legal proceeding etc. initiated against it in respect of any material breach or non compliance by it, of any law, rules, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and / or Share Transfer Agent to the respective clients, within one month from the date of termination of agreement with the respective clients or within one month from the date of expiry/cancellation of certificate of registration as Registrar to an Issue and / or Share Transfer Agent, whichever is earlier. 24. A Registrar to an Issue and Share Transfer Agent shall not make any exaggerated statement, whether oral or written, to the clients either about its qualifications or Capability to render certain services or about its achievements in regard to services rendered to other clients. 25. A Registrar to an Issue and Share Transfer Agent shall ensure that it has satisfactory internal control procedures in place as well as adequate fin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Registrar to an Issue and Share Transfer Agent shall not, in respect of any dealings in securities, be party to or instrumental for - a) creation of false market; b) price rigging or manipulation; c) passing of unpublished price sensitive information in respect of securities which are listed and proposed to be listed in any stock exchange to any person or intermediary. [F.No. SEBI/LAD/DOP/18341/2003] GYANENDRA NATH BAJPAI, Chairman Foot note: 1. Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993, the principal regulation, was published in the Gazette of India on May 31, 1993 vide No. SEBI / LE/ 5/93. 2. It was subsequently amended - (a) on Nove ..... X X X X Extracts X X X X X X X X Extracts X X X X
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