Page 133 - DCOM304_INDIAN_FINANCIAL_SYSTEM

Indian Financial System

Notes 7. The board is having a privilege for modification in the drafted prospectus and should
suggest the merchant banker within 21 days of in receipt.
8. The merchant banker must invite for bid's from bidden or underwriter.

Registrar to an Issue and Share Transfer Agents

A registrar and transfer agent is a corporate body responsible for keeping a record of a company's
shareholders in the physical form and carrying out the following functions:
1. Handling transactions involving share certificate.
2. Handling transactions involving actions.

3. Handling transactions relating to a transfer of shares.
4. Handling correspondences and communications with investor and the company.

Activities of Registrars and Transfer Agents

1. Transfer of shares.
2. De-materialisation of shares.
3. Re-materialization of shares.

4. Issue of duplicate share certificate.
5. Transmission of shares.
6. Transposition of shares.
7. Share splits/Replacement of shares.

8. Consolidation of shares.
9. Effecting a change of Name.
10. Effecting a change of signature.
11. Effecting a change of address.

12. Registration of mandate
13. Registration of Power of Attorney (POA).
14. Registration of nominations.
15. Registration and grievance Handling.

Underwriters

Any person, institution or a banker who is into the business of providing an assurance to the
company to get minimum subscription and expecting a consideration in the form of commission.
1. Underwriter take up the securities which are not fully subscribed.
2. They give commitment to get the issues subscribed by either public or by themselves.

3. They are appointed by issuing company in consultation with lead merchant banker.
4. Underwriter must register under SEBI.

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