Explain Registrar to an issue.

CS Executive · Capital Markets & Securities Laws · PYQS · December 2019
Explain Registrar to an issue.

Answer & Explanation:

'Registrar to an Issue' means the person appointed by a body corporate or any person or group of persons to carry on the following activities on its or his or their behalf i.e.: Collecting application for investor in respect of an issue; Keeping a proper record of applications and monies received from investors or paid to the seller of the securities; and Assisting body corporate or person or group of persons in determining the basis of allotment of the securities in consultation with the stock exchange; Finalising the list of person entitled to allotment of securities; Processing and dispatching of allotment letters, refund orders or certificates and other related documents in respect of the issue. Public issue activities which includes any pre-issue activities, activities during the issue and post issue activities.

Topics: Issue Management

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic