All Primary Duties & Obligations of SAG-RTA with Features
SAG Infotech Private Limited would be the 1st RTA service provider in Rajasthan that is accredited by the Securities and Exchange Board of India (SEBI).
Registrars and Transfer Agents monitor business activity and report on their customers' behalf, as well as provide information to the relevant authorities regularly. The company's Registrar Transfer Agent department is also capable of managing reporting, mailing, and meeting tasks relating to share certificate transfer and security dematerialization on behalf of investors. Change of Name, Name Deletion, Change of client signature and address, Transmission, and Transposition-related tasks are all included in the company's Registrar & Transfer Agent Services.
SAG RTA has a skilled and well-trained team made up of professionals like accountants, company secretaries, and tax specialists. They work hard to provide customised solutions that meet the specific needs of their clients.
Via its dedicated & skilled team of RTA experts. Despite the fact that the firm is new to the RTA, SAG RTA is rapidly developing. As an RTA, the firm works tirelessly to provide swift, customized solutions to its important corporate clients' back-end corporate processes.
Services Provided by Registrar and Transfer Agent
SAG RTA offers listed corporations, investment firms, publicly traded enterprises, and fund houses with sizable investor datasets with a comprehensive variety of RTA services. SAG RTA can provide its customers with RTA Services of the highest calibre at reasonable costs.
To all investors wishing to perform their day-to-day trading operations at fund houses and other public & private firms, SAG RTA also provides a single-window solution.
There are so many companies, Amazon being the best example, that provide contact details of the agent on their website. Registrar and Share Transfer Agent are required to be enlisted in the case of banks, as per the SEBI and the bank statutory agencies.
Below are the Major Roles and Responsibilities of the Registrar and Transfer Agent-
- Customers Recordkeeping
Most companies engage with the services of fund transfer agents to facilitate the issuance of new shares to shareholders. These agents take on the responsibility of accurately recording and updating crucial shareholder information, such as names, addresses, contact details, and dividend information, among other details.
They manage these tasks effectively, which helps keep investors' records correct and current. Specifically, SAG Infotech's RTA services provide a helpful solution for those who have lost their share certificates. They can issue new certificates, ensuring that people maintain their ownership and investment in the company.
2. Dividends and Interest Payments
Transfer agents play an important role in managing payments for shareholders. Their main job is to ensure that dividends, which are payments made to shareholders from a company’s profits, are sent out on time. They are required to make these payments before a specific due date. Additionally, transfer agents report the dividend and interest payments to the tax authorities to ensure everything is properly documented for tax purposes.
3. Certifying the Amendments in Ownership by Issuing Certificates
When a person purchases a stock or bond, a certificate is issued to introduce the ownership change. If the firm declares a dividend or announces a stock split, the agent must record and transmit the new shares.
The electronically recorded ownership certificates would maintain the same.
4. RTA (Registrar and Share Transfer Agent) Support Services
By paying dividends on time, the agents will bridge the gap between shareholders and the organization. They need to mail annual reports and audited financial statements to the shareholders.
The agents furnish the essential documentation showing their right to vote and guidelines regarding the same on how to use it when the situation occurs.
Some statutory businesses or individuals prefer real stock certificates to book entry forms. Because physical stock can be lost or stolen, the duty of a transfer agent is to help the shareholder obtain it. The transfer agent files a medallion signature guarantee or right for selling and transferring securities.
Transfer agents handle crucial tasks for their clients, ensuring that everything runs smoothly during a transaction or transfer.
6. Corporate Action
Distinction Between Registrar and Transfer Agent
While both support companies and shareholders in managing share registrations and shareholder data, a Registrar primarily focuses on maintaining official records, while Share Transfer Agents facilitate the transfer of shares among investors. Businesses often need either of the agents to occupy every position when their assigned tasks take over, so they recruit them. If we talk about their differences in detail, here are the major ones-
Transfer agents monitor the details of the shareholders, cancel and give new share certificates. Also, on behalf of the organization, register the information when shares are issued under an authorized registrar.
A registrar is responsible for keeping important records organized and up to date. Share transfer agents help companies by managing records for shareholders, ensuring everything is in order when it comes to buying or selling shares.
The transfer agent assesses the quantity of outstanding and available shares. Users can also keep track of how many shares are traded each day and who owns them.
The registrar's primary responsibility is to identify bond investors and payment recipients. When the bond matures, the amount that must be paid is recorded in the registrar's books.
Fund Transfer Agent
Fund transfer agents are registered transfer agents having certain duties as described below-
Features Offered By SAG RTA
Terms & Conditions
