SEBI Releases Model ‘Tripartite Agreement’ for Issuer Co., Existing & New Share Transfer Agents Under LODR norms

Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/79; dated: 25.05.2023

The SEBI has released a model ‘Tripartite Agreement’ for Share Transfer Agents (STAs). This agreement is in accordance with Regulation 7(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The agreement requires the listed companies to enter into a tripartite agreement with both the existing share transfer agents and the newly appointed share transfer agents.

As per regulation 7(4) of the SEBI (LODR) Regulations, 2015, in case of any change or appointment of a new share transfer agent, the listed entity is required to enter into a tripartite agreement between the existing share transfer agent, the new share transfer agent and the listed entity in the manner as specified by the Board from time to time.

In addition to this, SEBI has prepared a model agreement in consultation with the Registrar Association of India and issuer companies. The format of the Tripartite Agreement is provided in Annexure-A attached to the circular itself.

Also, Registrar and Transfer Agents (RTAs) are advised to submit compliance with this direction to the SEBI latest by June 1, 2023 along with the link of their website containing the format of the tripartite agreement.

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