RTA - An End to End Solution For MF Investors & Companies

A mutual fund transaction involves a trail of activities that include digital and manual as well. Several transactions such as buying, selling and switching the shares are carried out by investors regularly and these transactions must be properly recorded & updated by the mutual fund companies to grease the wheels for future activities.

Sometimes circumstances to change investors’ address name or bank details also germinates and many investors need to dematerialise or rematerialise the share & securities, they also need to payout dividend etc.

So, in a scenario when they are busy executing their core responsibilities, who accomplish these tasks on their behalf?

Read Also:-  Why Registrar and Transfer Agent Boon For MF Houses & Investors?

Registrar and Transfer Agent Services of SAG Infotech takes on this responsibility. SAG RTA maintains & records the transactions carried out by the mutual fund investors on behalf of mutual fund companies and also facilitates investors doing their mutual fund related job.

It caters investors with services such as Transmission, Transposition, Name Removal, Investors’ Name & Address Change, Alteration in Client Signature, etc.

Apart from these basic RTA services, SAG RTA Registrar and Share Transfer Agent helps investors in settlement of all the IEPF claim, dematerialization of securities through CDSL/NSDL depositories, paying out dividends through ECS transfer, and so on also.

First, let us understand the meaning of Registrar and Transfer Agent Services and their role to dive into the benefits offered by them to mutual fund companies and mutual fund investors. 

Registrar and Transfer Agent

What is the meaning of Registrar & Share Transfer Agent?

Registrar and Transfer Agents refers to the trusts or third-party organisations which are appointed by mutual fund companies, financial institutions & publicly-traded companies to register and upkeep the detailed records of the transactions executed by their investors for their convenience. 

Such companies often have many investors who possess a part of the organisation and so their records need to recorded & preserved well and so they hire a third-party professional service by Registrar & Transfer Agents to carry out these tasks on behalf of these companies. However, some companies do not prefer such third party services and act as their own Registrar and Transfer Agent. 

What is the importance of Registrar & Transfer Agent for Mutual Funds Companies and Investors?

R&T agent is a single-window solution for Mutual Funds Companies as they execute all the investors’ and their transaction-related work like record keeping, updating the personal information of investors, etc on behalf of these companies and spare them with a lot of time to focus on their core job.

Since an R&T Agent is a specialised professional and works through its widely extended branches across the nation, it very-well meets the multiple needs of mutual fund companies as well as investors.

Read Also:- RTA is a Cornerstone of Mutual Fund Companies. See How?

RTA notifies the investors about new offers and schemes also and so act as marketing personnel for mutual fund companies while assisting investors to make a beneficial deal. R&T provides an end-to-end solution (E2ES) to all the three stakeholders of Mutual Fund Companies - Distributors, Investors and the Asset Management Companies (AMC).

Registrar & Transfer Agent is an all-inclusive solution for mutual fund investors as well and fully knock off the need for investors to visit the mutual fund offices. RTAs provide forms of fund houses to the investors, they also notify the investors about the dates of dividend distribution, new offers and maturity dates in case of fixed maturity plans (FMPs).

Besides, RTAs also complete the transactions of investors and procure their account statements.

Adding stars to the benefits, RTAs directly do not charge a fee from investors, mutual fund companies pay RTA which these companies recover from investors. 

Notably, SAG RTA Registrar & Transfer Agent Services must be availed from Securities and Exchange Board of India (SEBI) accredited RTA service provider like SAG Infotech that promises accuracy and adherence to prevailing laws.  

Leading RTA Agent in the Mutual Fund world of India are as follows:-

• SAG RTA by SAG Infotech Private Limited
• Franklin Templeton International Services Private Limited
• Computer Age Management Services (CAMS) Limited.
• Karvy Computershare Limited 

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SAG RTA Now Answers The Call For Dematerializing Equity Shares

SAG Infotech, an established name in the taxation industry has now entered the premises of Registrar and Transfer Agent (RTA) services. The company is now home to Rajasthan’s first-ever RTA services popular with the name of SAG RTA and is fulfilling the needs of investors as well as mutual fund houses. SAG RTA works in line with the clause issued by MCA saying that it is compulsory for Unlisted Public Companies to issue securities only in dematerialized form.

SAG RTA Registrar and Share Transfer Agent puts on view the unlisted equities as well as common debt assets including Certificate of Deposit, Securitized instruments, and lot more.

Authorization from SEBI

SAG RTA, a subordinate of SAG Infotech Pvt Ltd, has authorization from government-regulated share/security controller SEBI or  Securities and Exchange Board of India for working as Registrar to an Issue and Share Transfer Agent to an Issuer of Security. Remember, SAG RTA is Rajasthan’s 1st ever SEBI certified RTA services provider.

SAG RTAs Expertise Compass

SAG RTA services are hired also for dematerialization of shares via depository registered with CDSL and NSDL, payout of dividends and interest transfers. Also, the company has an inside track in maintaining investor database as well as security transfer. SAG RTA does renewals of dividends on shareholder’s requests and issues them dividend warrants.

Incharges for Backhand Management and Investor Issues 

An expert team is hired for handling backhand business like solving investor’s issues and guiding them with good investment opportunities. The company reaches out to its clients via phone, mail and fax.

SAG RTA is a quick aid to documentation related processes like Change of Name/Name Deletion/Transposition/Transmission, Signature and Address Change. The department facilitates the investor with Duplicate Share Certificate in case the original one is missing, for that the investor must intimate the department regarding the loss.

For issuing the shares/securities in the dematerialized form to the potential investors, the companies need to communicate with SEBI authorized Registrar and Transfer Agent Services which have direct or online access to depositories. SAG RTA will act as a bridge between the Shares/Security Issuers and main depositories (CDSL and NSDL) while maintaining the issuer's transaction with depositories.

Additional Features provided by SAG RTA:

• A unique login dashboard facility for professionals like CA, CS and others and Companies associated with SAG RTA. 
• Tracking records of various clients at a time in single login. 
• Fee Calculator feature for the clients to gain exact figures of fees payable to depositories and RTA. 
• Pre-prepared documents for corporate reportings.
• Log of activities by issuer and professionals in login dashboard
• Maintaining the joint with both CDSL & NSDL depositories.

SAG RTA now is a trustworthy name after reviews from its existing clients. Various reputed Issuers rely upon us on the grounds of our services, security and privacy.

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All About Rajasthan’s 1st RTA Services Provider: SAG RTA

SAG Infotech proposed SAG RTA, is one of Rajasthan’s and SEBI category 1st leading Registrar & Transfer Agent Services, which is dedicatedly indulged to serve its potential clients.

RTAs are the SEBI authorized services which are devoted to cater to clients associated with Mutual Funds. In its clientele, Registrar and Transfer Agent include potential investors with a desire of making a sound investment in the market along with the mutual fund houses who proposed investment opportunities to the investors.

RTAs play a mediator role amidst parties like the investors and mutual fund houses to perform diverse activities such as a share issue, bonus issue, preferential allotment, keep a record of share buying/selling/switching or any other data related activity as well as a corporate related activity under the supervision and guidance of RTAs.

Eligibility to Become Registrar & Transfer Agent Services Providers

1. To become RTA service providers, the organizations required to get certified by SEBI to conduct RTA services across India. 
2. The organizations’ listing in two major depositories (NSDL and CDSL) is mandatory to become an authorized RTA service provider. 

SAG Infotech Private Limited - SAG RTAs Parent Company 

SAG RTA is a subsidiary arm of SAG Infotech Private Limited, which is a popular name among best tax software solutions providers in the country. The company is serving its clients which includes CA, CS and HR professionals for more than 2 decades with a wide variety of accounting and tax compliance software which are Genius, Gen GST, Gen IT, Gen Payroll, Gen XBRL and widely utilized in tax and management industries. 

But we didn’t stop here, after getting excellence in the tax industry, SAG Infotech took responsibility of performing a new role of RTA Agent and Their Services and become Rajasthan’s 1st SEBI certified RTA Agency. Also, the entity has registered its name in the top two depositories (CDSL and NSDL) concerned with security dematerialization and management.

SAG RTA - Rajasthan’s 1st RTA Services Provider

Working to provide effective RTA services across the country, the SAG RTA Registrar and Share Transfer Agent take care of the client’s convenience and satisfaction whether it is the investor or the mutual fund house. The department manages responsibilities such as maintaining investor’s transaction details, providing accurate data to the authorities, mailing, assisting mutual funds related issues and a lot more.

To perform the above-mentioned responsibilities, the company has a professionally trained staff (including tax experts, CA, CS, etc) which reach out to its clients and provide them with effective solutions for any issue related to mutual funds. There are a sufficient number of RTA specialists in the SAG RTA department who are eager to provide the best solutions to its potential customers, whenever required.

Being a newcomer in the RTA sector, the company is trying its level best to provide its best of its services to its valuable corporate clients and become the country’s leading RTA firm.

Services by SAG RTA (Registrar and Share Transfer Agent)

In terms of RTA services, SAG RTA can be considered as a one-stop solution for all the mutual fund related issues. It serves the listed corporates and mutual fund businesses with large and quality investor database and helps them with lucrative investment opportunities. SAG RTA is labelled as one of the most affordable yet premium service providers in the RTA Services in India. 

Services offered by SAG RTA are Listed Below:

RTA Services for Professionals (CA, CS, and others) and Companies: 

Roles and Responsibilities of SAG RTA (Registrar & Share Transfer Agent)

Devoted to convey top quality, transparent yet affordable Registrar Transfer Agency Services to its pan India clients, SAG RTA Registrar & Transfer Agent Services makes a bit of extra effort. All its valuable efforts to satisfy its clientele are indexed below: 

SAG RTA is receiving appreciation from the masses for its quality service available at feasible pricing. And it’s become professional’s (CA, CS or others) first choice due to reasons like:

Read Also:- RTA Agencies catering to all the demands of Investors as well as Mutual Fund Houses

It offers premium RTA Services: 

The company focuses on delivering premium and unhindered services to its clients. This makes the SAG RTA the most preferred RTA Services in Rajasthan as it provides services with full security and transparency. 

Avails Different RTA Forms: 

One can download several RTA forms from SAG RTA which are designed based on SEBI protocols. 

24/7 Connectivity with National Depositories: 

An issuer client can get benefited with the facility of 24/7 connectivity with two major depositories (NSDL and CDSL) just by clicking on the SAG RTA portal. The SAG RTA provides the issuer with the facility of all-time connectivity with NSDL and CDSL. 

Separate Dashboard Facility: SAG RTA facilitates professionals or the companies with the separate dashboard utility, those who require maintaining their ongoing Registrar & Transfer Agent related activities along with keeping track of their previous records.

Premium yet Affordable RTA services:

SAG RTA believes in conveying quality services at affordable pricing. This turns into a minimal profit margin for the company but greater customer satisfaction and convenience. We all are aware that a satisfied customer always turns back, which comes out as an excellent customer base for the company.

24/7 Expert Support - 

SAG RTA has a dedicated team of experts who are always ready to assist customers whether they are investors, professionals or companies through calls, messages or emails at any time. Also, they support a thorough verification of RTA documents submitted by the clients as well as safeguard the information provided by the clients. 

Updating Client Records - 

The customers furnish information regularly which needs to be updated in RTA records on the same day. Whether it is changing in name, address or signature or any other relevant information. Updating information regularly eliminates the chances of any mismatch or default. 

Media Publication and SAG RTA -

Since the SAG RTA gets certified by SEBI as the Rajasthan’s 1st RTA service provider. The company is under the lens of several renowned newspapers like Dainik Navjyoti, Punjab Kesari, Business Remedies, Daily News, Nafa Nuksaan, Rajasthan Patrika, etc., Also, these papers even provide a separate editorial column for the news exclusively from SAG RTA.

SAG RTA - An asset for CA and CS professionals

SAG RTA which offers premium RTA services at the most convenient rates, is a reliable source to avail RTA services in India. With the help of digitization, the company manages to provide a user-friendly, client-centric RTA platform for its customer base (distributors, mutual fund houses, investors, etc.) in the RTA industry.  

SAG RTA is an improved digital platform which serves its clientele as a single-window solution for all the RTA service. It enables the easy creation of ISIN and tracking of the download status of any RTA related form or document. 

Read Also:-  Check Why You Need To Have A Demat Account and RTA Service Provider?

In the given below table, you will find details of the required document for ISIN creation for shares at CDSL and NSDL: 

*Note:- All the aforesaid documents shall be signed & sealed by any or all the persons authorized in the board resolution by the company.

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Detailed Procedure for Grant or Renewal of RTA Certificate by SEBI

Registrar and Share Transfer Agent (RTA) is an organization that is designated to operate as an intermediary between investors and mutual fund houses. Registrar & Share Transfer Agent regulates all financial and non-financial processes like maintaining investor’s transaction records, processing those records for further reporting to the authorities, granting various application forms and assistance related to mutual fund investments. Mutual fund houses deal with investor’s daily transactions whereas RTA manages the records of such transactions on behalf of the mutual fund house associated with it.   

SAG RTA Registrar and Share Transfer Agent, CAMS, and Karvy are some of the prominent RTA service providers in India who serve investors as well as mutual fund houses with utmost care and responsibility. With their widespread branches, these RTA service providers can reach out to their clients present anywhere in the country. 

Investors can reach out to RTA for assistance related to security dematerialization by major depositories (NSDL or CDSL), issuing share transfer certificate, updating name, address or signature, dividend payouts and lot more.

SAG RTA, Registrar and Transfer Agent Services, is capable of solving investor’s issues and introducing them to various profitable mutual fund schemes and offers. 

 

All the RTA service providers operating in India are certified by the Security Exchange Board of India (SEBI). RTAs operating in India adhere to the guidelines listed in the Security Exchange Board of India (SEBI) Regulations 1993. 

Requisites for Qualifying as an RTA Service Provider from SEBI

Initially, the applicants must fill Form A along with the fees of Rs. 6 Lakhs  (non-refundable) for category 1, for category 2 the fees is Rs. 2 Lakhs (non-refundable). 

 

After filing the form, the board asks for additional information (not mentioned in Form A) as per the preset criteria. Even the applicant himself needs to appear in the board office before the board giving approval for performing RTA Services to the applicant.  

 

In case of any default, the board is authorized to reject the application. It will provide the statement mentioning all the errors and will give another chance to the applicant for fulfilling all the requirements within a given time limit.

Detailed Registrar and Transfer Agent Registration Procedure with SEBI

1 Applying for Certificate of Registration via Form A

The very first step towards becoming a SEBI registered RTA service provider is filing an application with the help of Form A to SEBI.   

2. Categories under which one can apply to become Registrar and Share Transfer Agent 

RTA services are divided into two categories either of which can be chosen by the applicant: 

• Category I: Carrying out services as both Registrar to an issue and share transfer agent.
• Category II: Carrying out services either as a registrar to an issue or as a share transfer agent. 

3. The applicant needs to provide further information to SEBI

The Board may ask the applicant to provide additional information necessary which is not mentioned in Form A and is required for issuing the certificate for Registrar and Transfer Agent registration. The board may ask the applicant or concerned principal officer to walk up to the board office for personal representation before the Board.   

4. Re-apply if the board rejects your application

As per the sub-regulation (2) of regulation 3 of the SEBI Act 1992, the board has the authority to disapprove Form A based on some errors in the information or non-adherence to the instructions. The Board will give a second chance to furnish form A within a given time limit. One must make sure that all the conditions mentioned in Form A should be fulfilled.

5. Scrutiny of the Candidate’s Application

Before granting the approval to work as a certified RTA, SEBI will thoroughly inspect all the aspects and make sure that everything favors a successful approval.

SEBI will make sure of the following points before granting approval:

1. The applicant must have sufficient infrastructure, the latest equipment/techniques and an expert team to effectively handle RTA processes.  
2. The applicant must have knowledge related to RTA services. 
3. The applicant must not be related (directly/indirectly) to a person who has been earlier rejected by the SEBI board to operate as an RTA. 
4. The applicant must have adequate capital to perform as RTA, mentioned in regulation 7 under SEBI regulations
5. Is under the radar of any disciplinary proceedings as per the SEBI Act for any of the director/applicant partner/principal officer has been found guilty for an economic offense, involving moral turpitude. 
6. Is a fit or proper person (mentioned in schedule II of securities and exchange board of India (intermediaries) Regulation, 2008.

6. Capital Adequacy as suggested by SEBI

The capital sufficiency requirement for an applicant to get certified as an RTA as per SEBI guidelines: 

• Category 1: the net worth for an applicant should be min Rs. 50 lakh and can go beyond.
• Category 2: the net worth of the applicant must be min Rs. 25 lakh.

6.2 The term ‘net worth’ given here has been defined under the sub-regulation (3) of SEBI, which denote:

In case, if the applicant is a firm or association of persons or any body of individuals, the total value of capital contributed to such business by the applicants, and free reserves of any kind to their business are accounted as net worth.

In the case of a corporate body, total net worth is the actual value of paid capital and free reserves that are registered in the application account books at the time of submission of application for grant of certificate to operate as an Registrar & Transfer Agent, according to the sub-regulation (1) of regulation 3 of SEBI.

7. Process for further registration

SEBI, after working upon the eligibility criteria and finding candidates eligible for performing as an Registrar & Transfer Agent Services provider, is obliged to extend a notice informing the candidates about their eligibility and category under which they can serve as a certified Registrar Transfer Agent. It is indeed the responsibility of the board to inform the candidate about the eligibility criteria for grant of certificate in Form B, which also depends upon the fee payment given under regulation 12 of SEBI.

8. Criteria for RTA Certificate Renewal 

The registrar to an issue or share transfer agent must apply for the renewal of the RTA certificate three months before its expiry period. The RTA service provider can do so with the help of Form A.

8.1 The renewal application must be processed in a way similar to applying for a fresh RTA certificate stated under regulation 3 by the Board.  

8.2 Criteria for Certificate Renewal

The below-mentioned conditions get applied in case of renewal granted under the registration 9 or any registration granted in accordance with regulation 8:

• In case an applicant applies for status or constitution change, prior Board permission is required to operate with the same power post-change.
• A certain amount is paid by the applicant for the renewal of the RTA certificate. The amount is determined by the SEBI. 
• Capital adequacy will be re-examined by the authorities. The applicant must fulfill all the requirements under regulation 7 of SEBI from the grant of the certificate until its expiry.
• SEBI approved RTA service providers must not take more than a month to resolve all the grievances from investors, to continue working as an RTA and subsequently inform all its stakeholder members about details like total complaints, etc.
• The candidate must comply with all the SEBI regulations while carrying out its activities as a registrar to an issue or share transfer agent before applying for a renewal. 

9. The procedure, in case, application for grant of certificate gets Rejected

9.1. In case the application for granting or renewing the RTA certificate fails to abide by SEBI guidelines then the Board has the right to disqualify the application but has to give the opportunity to re-apply fulfilling all the preset requirements by SEBI.

9.2 The Board informs the applicant about the rejection of his RTA certificate within three days from the date of applying for certificate along with the valid reason for the refusal.

9.3 Applicant can re-apply to the Board within thirty days from the date of getting a rejection notice from the Board post consideration, as per sub-regulation (2) of SEBI guidelines.

9.4 On receiving the application for reconsideration by an applicant, the Board will re-scrutinize the application and report the conclusions in a written format to the applicant. 

10. RTA Certificate (Grant or Renew) Refusal Consequences

Candidates whose application for granting or renewing the RTA certificate gets rejected by the Board, from the date of receiving the rejection notice are not eligible to perform any RTA related activities. Valid under regulation 2 of regulation 10 of SEBI.     

11. Payment Fees for a Grant or Renewal of RTA Certificate

11.1 The candidates, applying for a grant or renewal of RTA certificate in order to operate as a certified RTA agent should submit a certain amount as the processing fee to the Board within the specified time period and in a manner as given under Schedule II of SEBI regulations.

If the candidate fails to pay the renewal fees, the Board has the right to cancel or suspend his certificate, as a result, the registrar and share transfer agent will not be able to further extend its services to its clients as an RTA service provider or provide any RTA forms to the clients.   

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