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What are Registrar and Transfer agents (RTA)?
Registrar and Transfer Agents (RTA) play a crucial role in managing share-related activities for companies. Here's a breakdown of their functions in relation to an IPO :
Public Issues Handling:
- RTAs are responsible for collating the applications received from investors and finalising the allotments for various share issues.
Record Keeping:
- They maintain accurate records of applications and funds received from investors or paid to sellers of securities.
- Post Public issues RTA's maintain the records for the shareholders based on data received from depositories and physical certificates held by Shareholders.
Corporate Assistance:
RTAs assist the corporate body in:
- Determining the basis of allotment of securities in consultation with the stock exchange.
- Finalizing the list of applicants entitled to the allotment.
- Processing and dispatching allotment letters, refund orders, certificates, and other relevant documents / mails related to an issue.
- Post public issues they help in all corporate action related activities like dividends, bonus, stock split etc.,
Details on NSE and BSE:
- Information about a company's RTAs is available on both NSE and BSE platforms.
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