NISM Series II-A (RTA Corporate) case studies
NISM Series II-A (RTA Corporate) · Put your knowledge to work in context.
NISM-Series-II-A, commonly called RTA – Corporate, is the NISM certification examination for Registrars to an Issue and Share Transfer Agents working with corporate securities. NISM, the National Institute of Securities Markets, is a public trust established in 2006 by SEBI, the regulator of the securities markets in India, and it publishes this examination under its Registrar & Transfer Agents certification category alongside the parallel NISM-Series-II-B RTA – Mutual Fund paper. The NISM Series II-A (RTA Corporate) case studies are 5 cases and about 3,941 words.
1A lodged transfer, two pledges and a last-minute stop instruction
Kestrel Registrars is the RTA for Phoenix Alloys Ltd. On 12 August 2024 it receives a complete and properly stamped transfer deed (Form SH-4, executed 20 June 2024) for 800 equity shares in folio P-10742, lodged by Brightline Securities for buyer Anita Rao, together with share certificate 7714 covering all 800 shares.
826 words, about 4 min2Original certificates resurface after a loss complaint
Northgate Registry Services is RTA to Sunrise Ceramics Ltd. Folio C-9081 stands in the name of Meenakshi Iyer for 1,200 physical equity shares under certificates 5121 (700 shares) and 5122 (500 shares); her last specimen signature was recorded in 1998.
818 words, about 4 min3Unclaimed dividends, the seven-year clock and a claim after transfer
Vaibhav Industries Ltd declared dividends on its equity shares as follows: FY 2013-14 ₹4,600 (paid April 2014), FY 2014-15 ₹5,200 (paid August 2015), FY 2015-16 to FY 2019-20 ₹6,800 each (paid between August and October of the following year), and FY 2020-21 ₹7,000 (paid September 2021). Rukmini Devi held 2,300 shares in demat and was the sole holder of the folio.
768 words, about 4 min4A bonus issue where the transfer was registered after the record date
Vantage Infra Ltd has 24,00,000 equity shares of ₹10 each in issue and announced a bonus issue of 1:2 with a record date of 5 July 2024 (ex-date 4 July). Merlin Advisory, the RTA, completed allotment on 12 July and credited 12,00,000 bonus shares through the depositories and by physical allotment.
778 words, about 4 min5Two holdings, an unregistered nomination and a will executed abroad
Subramanian, sole holder of 600 equity shares of Sundaram Pumps Ltd in physical folio S-3310 and of 900 shares in a demat account with a depository participant, died in Chennai on 2 April 2024. In 2015 he had submitted a nomination naming his brother Ganesh, but the form was returned by the RTA, Sundaram Registrars, for want of a witness signature and was never re-lodged; the register shows no nomination.
751 words, about 4 min