Write notes on Share Transfer Agent Services.

CS Executive · Capital Markets & Securities Laws · PYQS · June 2019
Write notes on Share Transfer Agent Services.

Answer & Explanation:

Share transfer agent services are: Processing of transfer of securities in physical form. Processing Transmission/Transposition / Consolidation of holdings. Processing of demat requests and converting physical holding into electronic holding (dematerialization). Processing of remat requests and converting electronic holding into physical holding (rematerialization) Recording of specimen signatures in electronic media. Recording of Change of address, Bank Mandates and ECS requests received from investors in physical mode. Accurate scanning and capturing of data. Issue of Duplicate/split/Consolidated Share Certificates. Registration of Nomination. Registration of Legal documents such as Power of Attorney etc. Dividend payout management services. Maintenance of relevant Records. Maintain and upkeep of statutory records such as Transfer Deeds, Demat / Remat Request Form, Register of Members, Allotment Registers, undelivered returned security documents and other Registers and Returns. Processing of Call payments and Endorsements. Investor Services including providing investor related information, across counters through written communication and through telephone and via e-mail. Integrating electronic beneficiary positions with the physical shareholding. Redress Investor Complaints which appears in SEBI Complaints Redress System (SCORES). Assisting Client Companies in the redressing investor grievances which appears in their ID.

Topics: Securities Services

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