Appointment of Compliance Officer

• 
• 
• 
• 
• 
• 
• 

SECURITIES AND EXCHANGE BOARD OF INDIA

RRTI CIRCULAR NO. 1 ( 96-97) FEBRUARY 5, 1997

TO ALL REGISTERED REGISTRAR TO AN ISSUE AND/OR SHARE TRANSFER AGENTS 

Dear Sirs, 

Sub: Appointment of Compliance Officer 

In terms of the powers conferred on it under Section 11 of the SEB Act, 1992, as also in implementation of the SEBI (Registrar to an Issue and Share Transfer Agents ) Regulations, 1993, the following instructions are being issued and all Registrars to an Issue (RTI) and /or Share Transfer Agents (STA) holding a Certificate of Registration granted to them in accordance with the Regulations are advised to ensure its compliance. 

1. To appoint a compliance officer who would ensure that all Rules, Regulations, Guideline, Notifications, Circulars etc. issued by SEBI, the Government of India, and other Regulatory Organisations are complied with internally. Any discrepancies / deviations shall be reported independently by the Compliance Officer to SEBI immediately. 
2. The compliance Officer shall ensure that observations made/deficiencies pointed out by SEBI in the functioning of the Registrar to an Issue and / or Share Transfer Agents do not recur. 
3. The compliance Officer shall ensure that the quarterly reports to be submitted by Registrar to an Issue and / or Share Transfer Agents under RRTI Circular dated October 11, 1994 are true and the same shall be duly certified by him. 
4. The Compliance Officer shall report on a monthly basis the status of pending transfers as well as of Investor Complaints to the Board of Directors/Compliance Officer of the Client Companies / Mutual Funds and the reasons for the delay thereof.

 

The name of the Compliance Officer so appointed should be intimated to SEBI with details like telephone number, fax number and address on which he/she would be available.

Please acknowledge the receipt.

Yours faithfully, 

A SATYANARAYANA

DIVISION CHIEF - OID