24th April, 2018




Sub: Strengthening the guidelines and Raising Industry standards for RTA, Issuer companies and Banker to an issue



To all Listed Companies


Attention of such aforesaid listed companies are drawn to SEBI Circular Ref. No. SEBI/HO/MIRSD/DOP1/CIR/P/2018/73 dated April 20, 2018 (copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.com) wherein


As per the aforesaid SEBI Circular SEBI constituted a Committee on Strengthening the Guidelines and Raising Industry Standards for RTAs, which included representatives from RTAs, Issuer Companies, Depositories and Bankers to Issue. The objective of the Committee was to suggest guidelines to streamline and strengthen the procedures and processes with regard to handling and maintenance of records, transfer of securities and payment of dividend/interest/redemption by the RTAs, Issuer Companies and Bankers to Issue.


Further in the said Circular it is also mentioned that Based on recommendation of Committee, the guidelines as annexed to this Circular are being issued. These guidelines cover the following broad areas: i) Provisions with respect to Payment of Dividend/interest/redemption/ redemption ii) Provisions with respect to Transfer/Transmission/ Correction of errors etc. iii. Compulsory internal audit of RTAs.


As per this Circular, the records /documents described in annexure shall be maintained for period not less than eight years after completion of the relevant transactions by Bankers to issue, Issuer Companies, and/or by RTAs on behalf of Issuer Companies.


This is for information and necessary action.





CS Chandrani Datta