SEBI/HO/MIRSD/MIRSD -PoD/P/CIR/2025/91 — THE SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992

MASTER CIRCULAR SEBI/HO/MIRSD/MIRSD -PoD/P/CIR/2025/91 To, All registered Registrars to an Issue and Share Transfer Agents (RTAs) Dear Sir / Madam, Subject: Master Circular for Registrars to an Issue and Share Transfer Agents Securities and Exchange Board of India ( " SEBI " / " the Board " ), from time to time, has been issuing various circulars/directions to Registrars to an Issue and Share Transfer Agents (RTA). In order to enable the users to have access to the applicable circulars at one place, this Master Circular in respect of RTA is being issued . SEBI's Master Circular for RTA's dated May 07, 2024 was a compilation of relevant circulars issued by SEBI which were operational as on May 07, 2024. Subsequently, various guidelines/directions were issued to the RTAs by way of circulars/advisory. In view of the same, the instant Master Circular has been prepared which supersedes the Master Circular for RTAs dated May 07, 2024 and the subsequent circulars on the subject. With the issuance of this Master Circular, the directions/ instructions contained in the circulars listed out in the Appendix to this Master Circular, to the extent they relate to the RTAs, shall stand rescinded. Notwithstanding such rescission, anything done or any action taken or purported to have been done or taken including registration or approval granted, fees collected, registration or approval, suspended or cancelled, any adjudication, enquiry or investigation commenced or show-cause notice June 23, 2025 issued under the rescinded circulars, prior to such rescission, shall be deemed to have been done or taken under the corresponding provisions of this Master Circular; any application made to the Board under the rescinded circulars, prior to such rescission, and pending before it shall be deemed