What are Registrar and Transfer agents (RTA)?

Registrar and Transfer Agents (RTA) play a crucial role in managing share-related activities for publicly issued companies. Here’s a breakdown of their functions:

Application Handling:

RTAs collect applications from investors for various share issues.
Record Keeping:

They maintain accurate records of applications and funds received from investors or paid to sellers of securities.

Corporate Assistance:

RTAs assist the corporate body in:
a. Determining the basis of allotment of securities in consultation with the stock exchange.
b. Finalizing the list of individuals entitled to the allotment.
c. Processing and dispatching allotment letters, refund orders, certificates, and other relevant documents related to an issue.

Details on NSE and BSE:

Information about a company’s RTAs is available on both NSE and BSE platforms.