SEBI has notified amendment to the SEBI (Registrars to an issue and Share transfer agents) Regulations, 1993. Amendment has been made to Regulation 14 - To maintain proper books of account, and records, etc. and Regulation 15 - Maintenance of records. Under the revised norms, now share transfer agents need to maintain books of accounts in respect of eight preceding financial years. Earlier the period was three years.
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