SEBI issued the updated Master Circular for Registrars to an Issue and Share Transfer Agents

The Securities and Exchange Board of India (SEBI) on June 23, 2025, issued the updated Master Circular for Registrars to an Issue and Share Transfer Agents.

The following have bene stated:

• SEBI 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in the circulars listed out in the Appendix to this Master Circular, to the extent they relate to the RTAs, shall stand rescinded.

The updated Master Circular is attached to the document below.

[Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/91]