Model Tripartite Agreement For Appointment Of Share Transfer Agents

SEBI vide a circular dated May 25, 2023 (available here) ("Circular"), has notified the following:

• SEBI has prescribed a format for a model tripartite agreement to be executed by a listed company, in the event of change of the Share Transfer Agent ("STA").
• The said agreement would be executed between the existing STA, the new STA and the listed company, as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• The model tripartite agreement sets out the responsibilities of the listed company, the existing STA, and the new STA, along with a checklist of records, data and documents to be handed over by the existing STA to new STA.