EQUITY SHARE TRANSFER TO SHARE HOLDER DE-MAT ACCOUNT

This query is : Resolved

Avijit Das (Querist)
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24 November 2021 we are unlisted company, we have ISIN number but we have no tripartite agreement copy.
Our RTA agent also not available how can transfer the share to share holder's DE-Mat account

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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07 July 2024 If your company is unlisted and you have an ISIN number but no tripartite agreement with the Registrar and Transfer Agent (RTA), you will need to take the following steps to transfer shares to shareholders' Demat accounts:

1. **Contact the RTA or Transfer Agent:** Even if your RTA is currently unavailable, attempt to contact them through any available means, such as their registered office, contact numbers, or email addresses. RTAs are responsible for maintaining shareholder records and facilitating share transfers, so they are essential in this process.

2. **Obtain a Tripartite Agreement:** The tripartite agreement involves your company, the RTA, and the Depository Participant (DP). It outlines the procedures and terms for transferring shares to Demat accounts. If you don’t have a copy, request it from your RTA. If the RTA is unresponsive or unavailable, you may need to explore alternative RTAs that can assist with your company’s share transfer process.

3. **Alternative RTA Services:** If your current RTA is not responsive, consider engaging another RTA who can assist in processing the share transfers. Contact other RTAs and inquire about their services, including their ability to handle the transfer of shares without the tripartite agreement.

**Compliance with SEBI Regulations:** Ensure that all share transfer processes comply with SEBI regulations and guidelines, including those related to Demat accounts and share transfer procedures for unlisted companies.

**Document Management:** Keep all communications, agreements, and records related to share transfers and dealings with RTAs well-documented. This includes any correspondence, agreements, and approvals obtained during the process.

**Seek Legal Advice if Necessary:** If your RTA remains unresponsive or if there are legal complications, consider seeking legal advice to understand your options and ensure compliance with all regulatory requirements.

By following these steps and ensuring proper documentation and compliance, your company can navigate the process of transferring shares to shareholders’ Demat accounts effectively, even in the absence of immediate support from your RTA.

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