According to Rule 2(e) of SEBI (Registrar to an issue and share transfer agents) Rules, 1993 Registrar to an Issue means Person appointed by a body corporate or any person or group of persons to carry out following activities on its or his or their behalf namely:
1. Collecting applications in respect of the issue
2. Keeping proper record of applications and monies received from investors or paid to the seller of securities and
3. Assisting body corporate or person or group of persons in
(a) Determining the basis of allotment of securities in consultation with the stock exchange.
(b) Finalizing of the list of persons entitled to allotment of securities
(c) Processing and dispatching allotment letters, refund orders or certificates and other related documents in respect of the issue.
Securities as per Securities Contract (Regulation) act would include shares, scrip, stocks bonds, debentures, debenture stock, or other marketable securities of a like nature in or of any incorporated company or other body corporate. It would include derivatives, units or any other instrument issued by any collective investment scheme to the investors in the scheme. It would include security receipt as defined in clause (zg) of the Securitisation and Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002. It would include units or any other instrument issued to the investors under any mutual fund scheme. It would also include government securities. Other instruments as may be declared by Central Government to be securities and rights and interest in securities.
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