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NSE BSE Wednesday, February 22, 2012   SENSEX :   18145.25  -283.36    B H E L :   306.60  -11.35    Bajaj Auto :   1800.85  -9.90    Bharti Airtel :   347.35  -11.95    Cipla :   318.50  -3.60    Coal India :   322.50  -2.90    DLF :   238.80  -19.90    GAIL (India) :   374.50  -6.25    H D F C :   701.60  -12.35    HDFC Bank :   531.75  +0.65    Hero Motocorp :   2143.20  -2.95    Hind. Unilever :   378.40  -3.70    Hindalco Inds. :   148.20  -7.35    ICICI Bank :   957.15  -33.90    Infosys :   2952.65  +15.50    ITC :   208.25  +1.25    Jindal Steel :   612.50  -31.00    Larsen & Toubro :   1421.85  -21.65    M & M :   741.75  -18.20    Maruti Suzuki :   1306.45  -2.95    NTPC :   182.60  -3.55    O N G C :   292.25  +0.55    Reliance Inds. :   833.20  -8.60    St Bk of India :   2257.80  -193.95    Sterlite Inds. :   119.90  -8.50    Sun Pharma.Inds. :   549.15  +6.70    Tata Motors :   267.75  -3.45    Tata Power Co. :   111.10  -4.45    Tata Steel :   470.45  -20.90    TCS :   1251.90  +18.00    Wipro :   442.50  -1.40    
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Registrar & Transfer Agent (RTA)
Alankit is a SEBI Registered Category-I Registrar and Share Transfer Agent (RTA), commenced its business in 1996.  Today, Alankit is rendering services to over 250 corporate clients, which inter-alia consists of PSUs and public limited companies.  Alankit was the first Registrar to start providing electronic connectivity with NSDL in the Northern parts of the Country.   With the establishment of CDSL Depository, it started providing the same services for CDSL depository also.
Role of RTA in Share Transfer System
  • Maintaining the entire record of securities transfer system with electronic connectivity.
  • Replying to queries/complaints/enquiries from the investors/shareholders and statutory bodies namely SEBI, CLB, Stock Exchanges, industry Forums etc. 
  • Processing and approving Dematerialization / rematerialization of securities.
  • Reconciliation of securities held in the depository vis-à-vis physical securities.
  • To provide beneficial owner data to the Corporate at periodical intervals.
RTA in Initial Public Offering (IPO)
  • Registrar is a key intermediary in IPO. Its role starts with the filing of Prospectus.
  • Sends Banker’s Instructions and collect the subscription figures on daily basis.
  • Processes applications after the closure of the issue within the prescribed time to facilitate basis of allotment and credit of securities/ refund to the investors’ accounts.
  • Takes care of investors' grievances at least for 6 months from the closure of IPO.
Procedure and Process of Appointment of RTA
  • To sign MOU with RTA and obtain approval of Board of Directors to join the depository.
  • To submit the duly filled up the prescribed Master Creation Form along with Board Resolution, copy of M&A and copy of last 3 years annual reports.
  • To sign the tripartite agreement and other documents received from the Depository. The depository obtains ISIN No. from SEBI and mention the same in the tripartite agreement.
  • The depository activates the ISIN No. in RTA computer system and informs all its depository participants’ details of the company along with ISIN No. & address for sending certificates for dematerialization and request for dematerialization.
  • RTA and company receive request for dematerialization / dematerialization stipulation.
  • After matching details from physical records, shares are transferred to depository account along with necessary electronic communications for crediting the securities in demat account of shareholders.
Advantages of Depository System
  • No need to preserve physical share certificates.
  • No fear of stolen shares/fraudulent and defective deeds.
  • Easy credit of shares from IPO, Bonus, Rights, Split, Consolidation etc.
  • Easy transfer / transmission / nomination facilities.
  • Readily available data for payment of corporate benefits and actions.
  • No hassles of change of address / bank mandate with each and every company.

 
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